Brilliance China Automotive (OTCMKTS:BCAUF) Shares Up 21.4% – Here’s Why

Brilliance China Automotive Holdings Ltd (OTCMKTS:BCAUF)’s share price traded up 21.4% on Thursday . The company traded as high as $0.3118 and last traded at $0.3118. 4,423 shares changed hands during mid-day trading, a decline of 0% from the average daily volume of 4,440 shares. The stock had previously closed at $0.2569.

Brilliance China Automotive Stock Performance

The business’s fifty day simple moving average is $0.27 and its 200-day simple moving average is $0.38.

Brilliance China Automotive Holdings Ltd. is a leading Chinese automotive manufacturer headquartered in Shenyang, Liaoning Province. Established in 1992, the company is engaged in the design, development, production and sale of passenger vehicles and commercial vehicles. Through strategic alliances and proprietary research, Brilliance China Automotive offers a diverse portfolio of sedans, multi-purpose vehicles (MPVs), light trucks and buses, catering to a wide range of customers in both private and commercial sectors.

A cornerstone of Brilliance China Automotive’s operations is its joint venture with BMW, formed in 2003.