Macquarie Upgrades Geely Automobile (OTCMKTS:GELYY) to “Strong-Buy”

Macquarie upgraded shares of Geely Automobile (OTCMKTS:GELYY) from a hold rating to a strong-buy rating in a report published on Thursday morning,Zacks.com reports.

Geely Automobile Stock Down 5.5 %

Shares of OTCMKTS GELYY opened at $33.96 on Thursday. The company has a fifty day moving average price of $31.67 and a 200 day moving average price of $25.78. Geely Automobile has a 1-year low of $18.48 and a 1-year high of $39.02.

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.