Guangzhou Automobile Group Co., Ltd. (OTCMKTS:GNZUF)’s stock price shot up 7.6% during trading on Thursday . The company traded as high as $1.14 and last traded at $1.13. 54,085 shares traded hands during mid-day trading, an increase of 222% from the average session volume of 16,819 shares. The stock had previously closed at $1.05.
Separately, JPMorgan Chase & Co. lowered shares of Guangzhou Automobile Group from an “overweight” rating to a “neutral” rating in a research note on Monday, September 14th.
The stock’s 50 day moving average price is $1.09 and its 200 day moving average price is $0.95.
Guangzhou Automobile Group Co, Ltd., together with its subsidiaries, engages in the research, development, manufacture, and sale of vehicles and motorcycles, and parts and components; and provision of commercial and financial services in Mainland China and Hong Kong. The company operates through two segments, Vehicles and Related Operations, and Others.
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