BYD (OTCMKTS:BYDDF) Shares Gap Up – What’s Next?
by Doug Wharley · The Cerbat GemBYD Company Limited (OTCMKTS:BYDDF – Get Free Report)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $11.1350, but opened at $11.59. BYD shares last traded at $11.43, with a volume of 217,062 shares.
BYD Stock Performance
The firm’s 50 day moving average is $11.15 and its 200 day moving average is $12.23. The stock has a market cap of $101.11 billion, a P/E ratio of 20.67 and a beta of 0.14.
BYD (OTCMKTS:BYDDF – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $21.77 billion for the quarter, compared to analyst estimates of $21.05 billion.
About BYD
BYD Company Limited is a leading Chinese manufacturer specializing in electric vehicles, rechargeable batteries and renewable energy solutions. Established in 1995 in Shenzhen by entrepreneur Wang Chuanfu, BYD initially focused on the production of nickel-metal hydride batteries before expanding into automotive manufacturing in the early 2000s. The company’s name, an acronym of “Build Your Dreams,” reflects its mission to drive sustainable transportation and energy innovation worldwide.
In its automotive segment, BYD designs and produces a broad range of passenger cars, buses, trucks and commercial vehicles, with a particular emphasis on battery-electric and plug-in hybrid models.