GEELY AUTOMOBIL/ADR (OTCMKTS:GELYY) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of GEELY AUTOMOBIL/ADR (OTCMKTS:GELYY) from a hold rating to a buy rating in a report released on Wednesday, Zacks.com reports. They currently have $46.00 price objective on the stock.

According to Zacks, “Geely Automobile Holdings Limited is engaged in automobile manufacturing and its related areas. It is a fully integrated independent auto firm with auto eco-systems like designing, research and development, production, distribution and servicing. Geely has its independent R&D in vehicles, engines, transmissions and hybrid technologies. In addition, the company provides moulds for automobile parts and components and automobile services. It also exports sedans. It sells its products through retail distributors and service stations. Geely Automobile Holdings Limited is headquartered in Wanchai, Hong Kong. “

Separately, ValuEngine lowered shares of GEELY AUTOMOBIL/ADR from a hold rating to a sell rating in a research report on Friday, June 5th.

Shares of GELYY stock opened at $41.65 on Wednesday. The company’s fifty day simple moving average is $36.90 and its 200-day simple moving average is $33.71. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 0.08. The firm has a market cap of $20.44 billion, a PE ratio of 15.96 and a beta of 0.95. GEELY AUTOMOBIL/ADR has a 12 month low of $25.77 and a 12 month high of $49.30.

About GEELY AUTOMOBIL/ADR

Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People's Republic of China. The company engages in the research and development, production, marketing, and sale of automobiles, automobile parts, and related automobile components, as well as provision of related after-sales and technical services.

Featured Article: How prevalent are 12b-1 fees?

Get a free copy of the Zacks research report on GEELY AUTOMOBIL/ADR (GELYY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for GEELY AUTOMOBIL/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GEELY AUTOMOBIL/ADR and related companies with MarketBeat.com's FREE daily email newsletter.