BYD (OTCMKTS:BYDDF) Sees Strong Trading Volume – Here’s What Happened

Shares of BYD Company Limited (OTCMKTS:BYDDF) saw unusually-strong trading volume on Thursday . Approximately 583,227 shares were traded during mid-day trading, an increase of 169% from the previous session’s volume of 216,440 shares.The stock last traded at $12.1075 and had previously closed at $11.8336.

BYD Stock Performance

The company has a market capitalization of $98.95 billion, a P/E ratio of 20.23 and a beta of 0.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.87. The stock’s fifty day moving average price is $12.87 and its 200-day moving average price is $12.60.

BYD (OTCMKTS:BYDDF) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share 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 analysts’ expectations of $21.05 billion.

BYD Company Profile

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.