Geely Automobile Holdings Ltd. (GELYY) Lowered to “Hold” at Zacks Investment Research
Geely Automobile Holdings Ltd. (OTCMKTS:GELYY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday.
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. “
Shares of Geely Automobile Holdings (GELYY) traded up $3.00 during mid-day trading on Monday, reaching $73.15. 17,194 shares of the company’s stock traded hands, compared to its average volume of 18,208. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.22. Geely Automobile Holdings has a twelve month low of $18.25 and a twelve month high of $72.90.
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