BYD (OTCMKTS:BYDDY) Trading Down 0.7% – Here’s Why

Byd Co., Ltd. (OTCMKTS:BYDDY)’s share price was down 0.7% on Tuesday . The stock traded as low as $11.83 and last traded at $11.91. Approximately 1,446,394 shares changed hands during trading, an increase of 4% from the average daily volume of 1,395,774 shares. The stock had previously closed at $12.00.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Jefferies Financial Group downgraded BYD from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Piper Sandler assumed coverage on BYD in a research note on Tuesday, November 11th. They set a “neutral” rating on the stock. Finally, Erste Group Bank lowered shares of BYD from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, BYD currently has an average rating of “Hold”.

BYD Price Performance

The firm has a 50-day simple moving average of $12.69 and a 200-day simple moving average of $35.24. The firm has a market cap of $107.21 billion, a P/E ratio of 16.74, a PEG ratio of 2.98 and a beta of 0.20. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.06.

BYD Company Profile

BYD Co Ltd. (OTCMKTS: BYDDY) is a diversified Chinese industrial and technology company founded in 1995 and headquartered in Shenzhen, Guangdong. Originally established as a manufacturer of rechargeable batteries, BYD has expanded into a broad portfolio of businesses focused on electrification, energy and electronics. The company operates through a number of business units and subsidiaries, including BYD Auto and BYD Electronics, and is led by founder and chairman Wang Chuanfu.

The company’s primary activities center on new-energy vehicles and battery technologies.