Geely Automobile (OTCMKTS:GELYY) Reaches New 12-Month High – Still a Buy?

Geely Automobile Holdings Limited (OTCMKTS:GELYYGet Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $41.93 and last traded at $39.56, with a volume of 9399 shares. The stock had previously closed at $39.24.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on Geely Automobile

Geely Automobile Stock Up 0.8 %

The firm has a 50 day moving average of $35.75 and a 200 day moving average of $27.50.

About Geely Automobile

(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.

Read More

Receive News & Ratings for Geely Automobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Geely Automobile and related companies with MarketBeat.com's FREE daily email newsletter.