Geely Automobile Holdings Limited (OTCMKTS:GELYF – Get Free Report) shares dropped 3.7% during mid-day trading on Thursday . The stock traded as low as $2.08 and last traded at $2.08. Approximately 14,905 shares changed hands during trading, a decline of 81% from the average daily volume of 78,646 shares. The stock had previously closed at $2.16.
Geely Automobile Price Performance
The stock has a 50 day simple moving average of $2.17 and a 200 day simple moving average of $2.30.
About Geely Automobile
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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