Geely Automobile H (GELYY) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Geely Automobile H (NASDAQ:GELYY) from a hold rating to a buy rating in a research note released on Monday. Zacks Investment Research currently has $68.00 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. “

Geely Automobile H (NASDAQ:GELYY) opened at 56.89 on Monday. The stock’s 50 day moving average is $49.49 and its 200-day moving average is $38.41. The company has a market cap of $25.41 billion and a P/E ratio of 22.40. Geely Automobile H has a 12-month low of $17.60 and a 12-month high of $63.10.

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