BYD (OTCMKTS:BYDDY) Shares Gap Up – Time to Buy?
by Mitch Edgeman · The Markets DailyByd Co., Ltd. (OTCMKTS:BYDDY – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $12.3850, but opened at $13.37. BYD shares last traded at $13.30, with a volume of 598,534 shares traded.
BYD Stock Performance
The firm has a market cap of $118.82 billion, a P/E ratio of 18.69, a PEG ratio of 8.12 and a beta of 0.23. The stock’s 50-day moving average is $12.49 and its 200 day moving average is $12.78.
BYD Company Profile
BYD Co Ltd. (OTCMKTS: BYDDY) is a diversified Chinese industrial and technology company founded in 1995 and headquartered in Shenzhen, Guangdong. Originally established as a manufacturer of rechargeable batteries, BYD has expanded into a broad portfolio of businesses focused on electrification, energy and electronics. The company operates through a number of business units and subsidiaries, including BYD Auto and BYD Electronics, and is led by founder and chairman Wang Chuanfu.
The company’s primary activities center on new-energy vehicles and battery technologies.