Dongfeng Motor Group Company Limited (OTCMKTS:DNFGY – Get Rating)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $36.01 and traded as high as $39.50. Dongfeng Motor Group shares last traded at $39.50, with a volume of 151 shares trading hands.
Separately, JPMorgan Chase & Co. lowered Dongfeng Motor Group from an “overweight” rating to a “neutral” rating in a report on Thursday, March 31st.
The firm has a fifty day moving average of $36.04 and a 200 day moving average of $40.50.
Dongfeng Motor Group Company Limited manufactures and sells commercial vehicles, passenger vehicles, and engines and parts in the People's Republic of China. It operates in four segments: Commercial Vehicles, Passenger Vehicles, Financing Service, and Corporate and Others. It provides commercial vehicles, including trucks and buses; passenger vehicles comprising basic passenger cars, MPVs, and SUVs; electric vehicles, off-road vehicles, and special commercial vehicles; and other automobile related products.
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