BYD (OTCMKTS:BYDDF) Shares Gap Down – Here’s Why

BYD Company Limited (OTCMKTS:BYDDFGet Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $11.94, but opened at $11.50. BYD shares last traded at $12.01, with a volume of 84,789 shares traded.

Key Headlines Impacting BYD

Here are the key news stories impacting BYD this week:

BYD Stock Performance

The firm’s 50 day moving average is $12.74 and its 200-day moving average is $14.43. The stock has a market capitalization of $104.89 billion, a price-to-earnings ratio of 16.84 and a beta of 0.19. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.51 and a current ratio of 0.81.

About BYD

(Get Free Report)

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.

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