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Geely Automobile (OTCMKTS:GELYY) Share Price Crosses Above Fifty Day Moving Average - Here's Why

Geely Automobile logo with Auto/Tires/Trucks background
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Geely Automobile Holdings Limited (OTCMKTS:GELYY - Get Free Report)'s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $40.38 and traded as high as $44.81. Geely Automobile shares last traded at $43.42, with a volume of 12,048 shares traded.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on GELYY

Geely Automobile Stock Up 2.8 %

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.05 and a quick ratio of 0.91. The business's fifty day moving average is $40.82 and its two-hundred day moving average is $35.53.

Geely Automobile Company Profile

(Get Free Report)

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.

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