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

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

Wall Street Analysts Forecast Growth

Separately, Macquarie raised shares of Geely Automobile from a “hold” rating to a “strong-buy” rating in a research note 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’s 50 day simple moving average is $39.02 and its 200 day simple moving average is $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.