Guangzhou Automobile Group (OTCMKTS:GNZUF) Trading 0.9% Higher – Should You Buy?

Guangzhou Automobile Group Co., Ltd. (OTCMKTS:GNZUF)’s share price traded up 0.9% during mid-day trading on Thursday . The company traded as high as $0.4706 and last traded at $0.4706. 1,000 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 2,473 shares. The stock had previously closed at $0.4664.

Guangzhou Automobile Group Price Performance

The stock’s 50-day moving average price is $0.50 and its 200 day moving average price is $0.45.

About Guangzhou Automobile Group

Guangzhou Automobile Group Co, Ltd. (GAC Group) is a state‐owned Chinese automaker headquartered in Guangzhou, Guangdong Province. Established in 2000 with origins tracing back to vehicle manufacturing activities in the 1950s, GAC Group has grown into one of China’s leading automotive conglomerates. The company is publicly traded on the Shanghai and Hong Kong stock exchanges, and its American Depositary Shares trade over the counter under the ticker GNZUF.

GAC Group’s core business encompasses the design, development, manufacture and sale of passenger cars, commercial vehicles and auto parts.