BYD (OTCMKTS:BYDDY) Hits New 52-Week Low – Here’s Why

Byd Co., Ltd. (OTCMKTS:BYDDY)’s share price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $9.19 and last traded at $9.22, with a volume of 147,176 shares trading hands. The stock had previously closed at $9.30.

BYD Stock Down 1.2%

The business has a fifty day moving average price of $10.60 and a 200-day moving average price of $11.43. The company has a market cap of $82.08 billion, a P/E ratio of 16.12, a PEG ratio of 0.81 and a beta of 0.08.

BYD (OTCMKTS:BYDDY) last released its earnings results on Friday, August 28th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $24.23 billion during the quarter, compared to the consensus estimate of $25.81 billion. As a group, research analysts expect that Byd Co., Ltd. will post 0.64 earnings per share for the current year.

BYD Company Profile

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.