Geely Automobile (OTCMKTS:GELYF) Shares Up 3.6% – Still a Buy?

Geely Automobile Holdings Limited (OTCMKTS:GELYF)’s share price traded up 3.6% during mid-day trading on Friday . The company traded as high as $2.44 and last traded at $2.4240. 70,450 shares were traded during mid-day trading, an increase of 6% from the average session volume of 66,252 shares. The stock had previously closed at $2.34.

Geely Automobile Price Performance

The business has a 50-day moving average of $2.15 and a 200-day moving average of $2.26.

Geely Automobile Company Profile

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.