Great Wall Motor (OTCMKTS:GWLLF) Shares Down 1.1% – Here’s Why

Great Wall Motor Company Limited (OTCMKTS:GWLLFGet Free Report)’s share price dropped 1.1% during mid-day trading on Friday . The company traded as low as $1.7301 and last traded at $1.7301. Approximately 1,000 shares changed hands during trading, a decline of 79% from the average daily volume of 4,850 shares. The stock had previously closed at $1.75.

Great Wall Motor Price Performance

The stock’s 50-day simple moving average is $1.92 and its 200 day simple moving average is $1.97.

Great Wall Motor Company Profile

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Great Wall Motor Company Limited is a leading Chinese automotive manufacturer based in Baoding, Hebei Province. The company specializes in the design, development and production of sport-utility vehicles (SUVs), pickup trucks and electric vehicles. Its portfolio includes the Haval brand of SUVs, the WEY luxury SUV line, the Tank series of off-road vehicles and the ORA electric vehicle brand. Great Wall Motor’s vertical integration spans steel stamping, welding, painting and final assembly, allowing the company to maintain control over key production processes and quality standards.

Founded in 1984 as the Baoding Great Wall Foundry Factory, the company adopted the name Great Wall Motor in 1996 to reflect its automotive ambitions.

Further Reading

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