Geely Automobile (OTCMKTS:GELYF) Shares Down 3.7% – What’s Next?

Geely Automobile Holdings Limited (OTCMKTS:GELYFGet Free Report) fell 3.7% during trading on Thursday . The company traded as low as $2.08 and last traded at $2.08. 14,905 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 78,646 shares. The stock had previously closed at $2.16.

Geely Automobile Trading Down 3.7%

The stock has a fifty day moving average price of $2.17 and a two-hundred day moving average price of $2.30.

About Geely Automobile

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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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