BYD (OTCMKTS:BYDDF) Sees Unusually-High Trading Volume – Still a Buy?

Shares of BYD Company Limited (OTCMKTS:BYDDF) saw unusually-strong trading volume on Friday . Approximately 216,271 shares were traded during trading, a decline of 7% from the previous session’s volume of 232,176 shares.The stock last traded at $10.22 and had previously closed at $10.03.

Analyst Upgrades and Downgrades

Separately, UBS Group set a $20.00 price objective on BYD in a research report on Friday.

BYD Stock Up 1.4%

The company has a market cap of $88.86 billion, a price-to-earnings ratio of 22.61 and a beta of 0.09. The stock has a fifty day moving average price of $11.27 and a two-hundred day moving average price of $11.93.

BYD (OTCMKTS:BYDDF) last issued its quarterly earnings results on Friday, August 28th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates 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 Company Limited is a China-based technology and manufacturing company headquartered in Shenzhen. Founded in 1995 by Wang Chuanfu, the company initially focused on rechargeable batteries before expanding into automobiles, electronics and other technology-related businesses.

BYD’s automotive operations develop and manufacture battery-electric and plug-in hybrid passenger vehicles, commercial vehicles, buses and trucks. Its vehicle portfolio includes models sold under the BYD brand, as well as premium and specialty brands such as Denza, Yangwang and Fangchengbao.