Geely Automobile (OTCMKTS:GELYF) Shares Down 4.3% – Here’s What Happened

Shares of Geely Automobile Holdings Limited (OTCMKTS:GELYFGet Free Report) dropped 4.3% on Monday . The stock traded as low as $2.2275 and last traded at $2.2580. 244,362 shares were traded during trading, an increase of 225% from the average daily volume of 75,246 shares. The stock had previously closed at $2.36.

Geely Automobile Stock Performance

The company has a 50 day simple moving average of $2.71 and a 200 day simple moving average of $2.43.

About Geely Automobile

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Geely Automobile Holdings Limited is a China-based automotive manufacturer and a subsidiary of Zhejiang Geely Holding Group. Established in 1997 by entrepreneur Li Shufu, the company has grown from a regional car assembler into one of China’s leading privately owned passenger vehicle producers. Geely Auto made its public debut on the Hong Kong Stock Exchange in 2005 and trades over-the-counter in the U.S. under the symbol GELYF.

Geely’s core business centers on the design, development, manufacturing and sale of a broad range of passenger cars.

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