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Geely Automobile (OTCMKTS:GELYY) Shares Gap Down - Should You Sell?

Geely Automobile logo with Auto/Tires/Trucks background

Geely Automobile Holdings Ltd. (OTCMKTS:GELYY - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $42.46, but opened at $41.14. Geely Automobile shares last traded at $41.14, with a volume of 270 shares traded.

Geely Automobile Stock Down 4.4%

The company has a 50 day simple moving average of $44.62 and a 200-day simple moving average of $42.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.99 and a quick ratio of 0.80.

Geely Automobile Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, August 11th. Shareholders of record on Friday, June 13th will be paid a $0.773 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a yield of 1.67%. This is a positive change from Geely Automobile's previous dividend of $0.02.

Geely Automobile Company Profile

(Get Free Report)

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.

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