Guangzhou Automobile Group (OTCMKTS:GNZUF) Trading Down 9% – What’s Next?

Guangzhou Automobile Group Co., Ltd. (OTCMKTS:GNZUF) dropped 9% during mid-day trading on Monday . The company traded as low as $0.2744 and last traded at $0.2744. Approximately 7,654 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 4,855 shares. The stock had previously closed at $0.3014.

Guangzhou Automobile Group Stock Down 9.0%

The business’s 50-day moving average price is $0.36 and its 200-day moving average price is $0.43.

Guangzhou Automobile Group Company Profile

Guangzhou Automobile Group Co, Ltd. (GAC Group) is a state‐owned Chinese automaker headquartered in Guangzhou, Guangdong Province. Established in 2000 with origins tracing back to vehicle manufacturing activities in the 1950s, GAC Group has grown into one of China’s leading automotive conglomerates. The company is publicly traded on the Shanghai and Hong Kong stock exchanges, and its American Depositary Shares trade over the counter under the ticker GNZUF.

GAC Group’s core business encompasses the design, development, manufacture and sale of passenger cars, commercial vehicles and auto parts.