Geely Automobile (OTCMKTS:GELYY) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Geely Automobile Holdings Limited (OTCMKTS:GELYY)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $38.56 and traded as high as $44.06. Geely Automobile shares last traded at $43.71, with a volume of 12,140 shares trading hands.

Analysts Set New Price Targets

Separately, Macquarie raised shares of Geely Automobile from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 14th.

Geely Automobile Stock Up 2.8 %

The firm’s fifty day moving average is $38.56 and its 200 day moving average is $32.29. The company has a quick ratio of 0.91, a current ratio of 1.05 and a debt-to-equity ratio of 0.08.

About Geely Automobile

Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China. The company engages in the research and development, production, marketing, and sale of passenger vehicles, automobile parts, and related automobile components, as well as provision of related after-sales and technical services.