Geely Automobile (OTCMKTS:GELYY) Upgraded at Zacks Investment Research

Geely Automobile (OTCMKTS:GELYY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “Geely Automobile Holdings Limited is engaged in automobile manufacturing and its related areas. It is a fully integrated independent auto firm with auto eco-systems like designing, research and development, production, distribution and servicing. Geely has its independent R&D in vehicles, engines, transmissions and hybrid technologies. In addition, the company provides moulds for automobile parts and components and automobile services. It also exports sedans. It sells its products through retail distributors and service stations. Geely Automobile Holdings Limited is headquartered in Wanchai, Hong Kong. “

GELYY stock traded down $1.42 during midday trading on Tuesday, reaching $67.43. The company had a trading volume of 14,613 shares, compared to its average volume of 24,251. Geely Automobile has a 1-year low of $38.21 and a 1-year high of $88.76. The stock has a 50 day moving average price of $66.56 and a 200-day moving average price of $59.72. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.13. The company has a market capitalization of $33.11 billion, a price-to-earnings ratio of 41.62 and a beta of 0.93.

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 automobiles, automobile parts, and related automobile components, as well as provision of related after-sales and technical services.

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