Geely Automobile (OTCMKTS:GELYY) Stock Crosses Below 50-Day Moving Average of $40.90

Geely Automobile Holdings Limited (OTCMKTS:GELYY) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $40.90 and traded as low as $39.84. Geely Automobile shares last traded at $39.99, with a volume of 15,434 shares changing hands.

Separately, Zacks Investment Research downgraded Geely Automobile from a “hold” rating to a “sell” rating in a report on Monday, September 7th.

The stock has a market cap of $19.62 billion, a P/E ratio of 15.32 and a beta of 1.09. The company has a fifty day moving average price of $40.90 and a 200 day moving average price of $35.63.

Geely Automobile Company Profile (OTCMKTS:GELYY)

Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer. 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.

Further Reading: Leveraged Buyout (LBO) Explained

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