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Geely Automobile (OTCMKTS:GELYY) Share Price Passes Above 50-Day Moving Average - Here's Why

Geely Automobile logo with Auto/Tires/Trucks background

Geely Automobile Holdings Limited (OTCMKTS:GELYY - Get Free Report) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $43.75 and traded as high as $44.79. Geely Automobile shares last traded at $44.72, with a volume of 6,422 shares changing hands.

Geely Automobile Stock Down 3.6%

The stock has a 50 day moving average of $44.17 and a 200-day moving average of $41.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.05 and a quick ratio of 0.91.

Geely Automobile Increases Dividend

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

About Geely Automobile

(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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