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

Shares of BYD Company Limited (OTCMKTS:BYDDF) gapped down prior to trading on Tuesday. The stock had previously closed at $9.13, but opened at $8.80. BYD shares last traded at $8.9230, with a volume of 2,151 shares changing hands.

Analyst Ratings Changes

Separately, UBS Group set a $20.00 price target on shares of BYD in a research report on Friday, September 11th.

BYD Stock Down 0.4%

The firm has a 50 day moving average of $10.25 and a 200 day moving average of $11.66. The firm has a market cap of $78.40 billion, a price-to-earnings ratio of 19.95 and a beta of 0.07.

BYD (OTCMKTS:BYDDF) last issued its quarterly earnings results on Friday, August 28th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $24.10 billion during the quarter, compared to analysts’ expectations of $25.62 billion.

BYD Company Profile

BYD Co, Ltd. is a China-based technology and manufacturing company founded in 1995 and headquartered in Shenzhen. The company is best known for developing and producing electric and plug-in hybrid vehicles, including passenger cars, buses, trucks and other commercial vehicles under the BYD brand.

BYD also manufactures batteries and related energy-storage products, including batteries used in vehicles, renewable-energy systems and other applications. Its broader business activities include solar-power equipment, energy-storage solutions, rail transit systems and electronic components and assembly services for consumer and industrial products.

The company serves customers in China and international markets across Asia, Europe, North America, South America and other regions.