Geely (OTCMKTS:GELYY) Downgraded by Zacks Investment Research to “Hold”

Geely (OTCMKTS:GELYY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday, March 13th.

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 Geely from a “buy” rating to a “hold” rating in a research note on Saturday, March 10th.

Shares of Geely stock traded up $2.57 on Tuesday, hitting $70.22. The stock had a trading volume of 23,880 shares, compared to its average volume of 23,046. Geely has a one year low of $26.25 and a one year high of $75.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.08 and a current ratio of 1.22.

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About Geely

Geely Automobile Holdings Limited, an investment holding company, operates as an automobile manufacturer primarily in the People's Republic of China. It engages in the research, development, production, marketing, and sale of automobiles, automobile parts, and related automobile components. The company primarily offers sedans, sport utility vehicles, and electric vehicle models.

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