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

Zacks Investment Research upgraded shares of Geely Automobile (OTCMKTS:GELYY) from a sell rating to a hold rating in a report released on Tuesday morning, 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. “

OTCMKTS GELYY opened at $67.43 on Tuesday. The company has a market cap of $33.11 billion, a PE ratio of 41.62 and a beta of 0.93. Geely Automobile has a 52 week low of $38.21 and a 52 week high of $88.76. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The firm’s 50-day simple moving average is $66.69 and its two-hundred day simple moving average is $59.73.

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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