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

BYD Company Limited (OTCMKTS:BYDDF) shares gapped down before the market opened on Thursday . The stock had previously closed at $12.00, but opened at $11.50. BYD shares last traded at $11.60, with a volume of 37,603 shares changing hands.

BYD Stock Down 0.7%

The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.56. The firm has a market cap of $100.42 billion, a price-to-earnings ratio of 20.53 and a beta of 0.18. The firm has a 50 day moving average price of $13.17 and a 200-day moving average price of $12.69.

BYD (OTCMKTS:BYDDF) last posted 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 during the quarter, compared to the consensus estimate 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.