BYD (OTCMKTS:BYDDF) Sees Large Volume Increase – Time to Buy?

BYD Company Limited (OTCMKTS:BYDDF) shares saw strong trading volume on Friday . 973,287 shares changed hands during trading, an increase of 300% from the previous session’s volume of 243,376 shares.The stock last traded at $11.12 and had previously closed at $11.10.

BYD Trading Up 0.9%

The company has a market cap of $97.79 billion, a PE ratio of 20.00 and a beta of 0.14. The company has a fifty day simple moving average of $10.97 and a two-hundred day simple moving average of $12.18.

BYD (OTCMKTS:BYDDF) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $21.77 billion during 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.