BYD (OTCMKTS:BYDDF) Shares Down 1% – What’s Next?

Shares of BYD Company Limited (OTCMKTS:BYDDF) were down 1% during mid-day trading on Wednesday . The company traded as low as $12.59 and last traded at $12.67. Approximately 79,900 shares changed hands during trading, a decline of 66% from the average daily volume of 234,208 shares. The stock had previously closed at $12.80.

BYD Stock Performance

The company has a 50 day simple moving average of $12.39 and a 200 day simple moving average of $13.07.

BYD Company Profile

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.