BYD (OTCMKTS:BYDDY) Stock Falls 1.1% – Here’s Why

Byd Co., Ltd. (OTCMKTS:BYDDY) shares were down 1.1% on Monday. The stock traded as low as $9.85 and last traded at $9.87. Approximately 891,031 shares were traded during trading, a decline of 28% from the average daily volume of 1,240,723 shares. The stock had previously closed at $9.98.

BYD Trading Down 1.1%

The firm has a market capitalization of $88.18 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 0.86 and a beta of 0.10. The stock has a fifty day moving average of $11.07 and a 200-day moving average of $11.70.

BYD (OTCMKTS:BYDDY) last announced its earnings results on Friday, August 28th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $24.23 billion for the quarter, compared to analyst estimates of $25.81 billion. As a group, equities research analysts forecast that Byd Co., Ltd. will post 0.64 earnings per share for the current fiscal year.

About BYD

BYD Company Limited is a China-based technology and manufacturing company best known for its electric vehicles and rechargeable battery systems. Founded in 1995 and headquartered in Shenzhen, the company initially focused on batteries before entering the automotive industry in 2003.

BYD develops and manufactures battery-electric and plug-in hybrid passenger vehicles, commercial vehicles, buses, trucks, and specialty vehicles. Its automotive business includes the BYD, Denza, Fangchengbao, and Yangwang brands, as well as components and technologies such as vehicle batteries, electric powertrains, and the proprietary Blade Battery.