Brilliance China Automotive (OTCMKTS:BCAUF) Trading 7.9% Higher – Should You Buy?

Brilliance China Automotive Holdings Ltd (OTCMKTS:BCAUF)’s stock price shot up 7.9% during mid-day trading on Tuesday . The stock traded as high as $0.5555 and last traded at $0.5555. 10,000 shares were traded during trading, an increase of 98% from the average session volume of 5,057 shares. The stock had previously closed at $0.5148.

Brilliance China Automotive Price Performance

The company’s 50 day moving average is $0.48 and its two-hundred day moving average is $0.46.

Brilliance China Automotive Holdings Ltd. is a leading Chinese automotive manufacturer headquartered in Shenyang, Liaoning Province. Established in 1992, the company is engaged in the design, development, production and sale of passenger vehicles and commercial vehicles. Through strategic alliances and proprietary research, Brilliance China Automotive offers a diverse portfolio of sedans, multi-purpose vehicles (MPVs), light trucks and buses, catering to a wide range of customers in both private and commercial sectors.

A cornerstone of Brilliance China Automotive’s operations is its joint venture with BMW, formed in 2003.