Geely Automobile (OTCMKTS:GELYY) Hits New 1-Year High – Still a Buy?

Geely Automobile Holdings Limited (OTCMKTS:GELYY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $46.11 and last traded at $45.44, with a volume of 10563 shares traded. The stock had previously closed at $45.00.

Analysts Set New Price Targets

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

Geely Automobile Stock Down 1.4 %

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.91 and a current ratio of 1.05. The firm has a 50-day moving average price of $39.02 and a two-hundred day moving average price of $33.07.

Geely Automobile Company Profile

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.