Brilliance China Automotive (OTCMKTS:BCAUY) Trading Up 2.2% – Here’s Why

Brilliance China Automotive Holdings Limited (OTCMKTS:BCAUY) shares shot up 2.2% during trading on Thursday . The company traded as high as $4.80 and last traded at $4.60. 2,100 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 5,787 shares. The stock had previously closed at $4.50.

Brilliance China Automotive Stock Performance

The firm has a 50 day moving average of $4.60 and a two-hundred day moving average of $4.60.

About Brilliance China Automotive

Brilliance China Automotive Holdings Limited, also known as Brilliance Auto, is a leading Chinese automaker headquartered in Shenyang, Liaoning Province. Established in 1992, the company focuses on the design, development, manufacturing, marketing, and sale of passenger vehicles and automotive components. Its product line includes compact and mid-size sedans, sport utility vehicles (SUVs), multi-purpose vehicles (MPVs), and minivans under its own brands.

A cornerstone of Brilliance China Automotive’s operations is its long-standing joint venture with BMW Group, BMW Brilliance Automotive Ltd., which produces and distributes BMW 3 Series and 5 Series models for the Chinese market.