Geely Automobile (OTCMKTS:GELYY) Stock Rating Lowered by Zacks Investment Research

Geely Automobile (OTCMKTS:GELYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com 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. “

Separately, ValuEngine raised Geely Automobile from a “sell” rating to a “hold” rating in a research report on Saturday, October 31st.

Shares of OTCMKTS:GELYY opened at $84.60 on Tuesday. The company has a market cap of $41.53 billion, a price-to-earnings ratio of 32.41 and a beta of 1.24. The business has a 50 day moving average price of $62.63 and a 200 day moving average price of $48.06. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.07. Geely Automobile has a twelve month low of $25.77 and a twelve month high of $85.78.

About Geely Automobile

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.

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