BYD (OTCMKTS:BYDDY) Stock Price Down 0.7% – Here’s What Happened

by · The Cerbat Gem

Byd Co., Ltd. (OTCMKTS:BYDDY – Get Free Report)’s share price traded down 0.7% during mid-day trading on Tuesday . The company traded as low as $11.83 and last traded at $11.91. 1,446,394 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 1,395,774 shares. The stock had previously closed at $12.00.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Jefferies Financial Group cut shares of BYD from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Piper Sandler started coverage on BYD in a report on Tuesday, November 11th. They set a “neutral” rating for the company. Finally, Erste Group Bank cut BYD from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Get Our Latest Stock Analysis on BYD

BYD Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.51 and a current ratio of 0.81. The firm has a market cap of $107.21 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 2.98 and a beta of 0.20. The stock’s 50 day simple moving average is $12.69 and its 200-day simple moving average is $35.24.

BYD Company Profile

(Get Free Report)

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.

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