BYD (OTCMKTS:BYDDF) Trading Down 4.2% – Should You Sell?

BYD Company Limited (OTCMKTS:BYDDF) fell 4.2% during mid-day trading on Wednesday . The company traded as low as $11.46 and last traded at $11.50. 115,708 shares were traded during mid-day trading, a decline of 46% from the average session volume of 213,360 shares. The stock had previously closed at $12.00.

BYD Stock Down 3.3%

The firm has a market cap of $101.40 billion, a P/E ratio of 20.73 and a beta of 0.18. The business’s fifty day moving average price is $13.19 and its two-hundred day moving average price is $12.70. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29.

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 analysts’ consensus estimates of $0.07 by ($0.01). The firm 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.