Geely Automobile (OTCMKTS:GELYY) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Geely Automobile Holdings Ltd. (OTCMKTS:GELYY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $48.85 and traded as low as $48.40. Geely Automobile shares last traded at $48.85, with a volume of 7,986 shares changing hands.

Geely Automobile Trading Up 2.3%

The company’s fifty day simple moving average is $48.85 and its two-hundred day simple moving average is $47.50. The company has a quick ratio of 0.73, a current ratio of 0.93 and a debt-to-equity ratio of 0.14.

Geely Automobile Company Profile

Geely Automobile (OTCMKTS: GELYY) is a Chinese automotive manufacturer engaged in the design, development, production and sale of passenger vehicles, powertrains and related components. The company’s product mix includes conventional internal-combustion vehicles as well as hybrid and battery-electric models, supported by in-house capabilities for engine and transmission development. Geely also provides after-sales services, parts and warranty support through its dealer and service network.

Geely Automobile is part of the broader Zhejiang Geely Holding Group, an industrial group that expanded from domestic vehicle manufacturing into international acquisitions and partnerships.