Guangzhou Automobile Group (OTCMKTS:GNZUF) Stock Falls 11.2% – Here’s What Happened

Guangzhou Automobile Group Co., Ltd. (OTCMKTS:GNZUF)’s share price dropped 11.2% during trading on Tuesday. The company traded as low as $0.2892 and last traded at $0.2892. 100 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 5,058 shares. The stock had previously closed at $0.3255.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut Guangzhou Automobile Group to a “sell” rating in a research report on Monday, August 31st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Guangzhou Automobile Group Price Performance

The business’s fifty day moving average price is $0.30 and its 200-day moving average price is $0.32.

About Guangzhou Automobile Group

Guangzhou Automobile Group Co, Ltd. (GAC Group) is a China-based automotive manufacturer headquartered in Guangzhou, Guangdong Province. Established in 1997, the company develops, manufactures and sells passenger vehicles, commercial vehicles, automotive components and related products and services.

GAC’s vehicle portfolio includes automobiles sold under its own brands, including Trumpchi, Aion and Hyptec. The company also operates joint ventures with international automakers, notably GAC Toyota and GAC Honda, which manufacture and market vehicles for the Chinese market.