Geely Automobile (OTCMKTS:GELYY) Stock Price Crosses Above 50-Day Moving Average - What's Next?

Key Points

• Geely Automobile's stock price has recently crossed above its 50-day moving average, trading at $48.85, with a high of $49.25 and a trading volume of 7,986 shares.
• The company announced a substantial increase in its dividend, issuing $0.773 per share compared to its previous dividend of $0.02, resulting in a dividend yield of 167.0%.
• Geely operates primarily as an automobile manufacturer in China, focusing on the research, development, and production of passenger vehicles and related components.

Geely Automobile Holdings Ltd. (OTCMKTS:GELYY - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $45.05 and traded as high as $49.25. Geely Automobile shares last traded at $48.85, with a volume of 7,986 shares trading hands.

Geely Automobile Stock Up 2.3%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.93. The firm's fifty day moving average price is $45.54 and its two-hundred day moving average price is $44.57.

Geely Automobile Increases Dividend

The company also recently announced a dividend, which was paid on Monday, August 11th. Stockholders of record on Friday, June 13th were issued a dividend of $0.773 per share. This is a positive change from Geely Automobile's previous dividend of $0.02. The ex-dividend date of this dividend was Thursday, June 12th. This represents a dividend yield of 167.0%.

Geely Automobile Company Profile

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 passenger vehicles, automobile parts, and related automobile components, as well as provision of related after-sales and technical services.