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

BYD Company Limited (OTCMKTS:BYDDF) gapped down prior to trading 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 trading hands.

BYD Trading Down 0.7%

The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 0.29. The company has a market cap of $100.42 billion, a P/E ratio of 20.53 and a beta of 0.18. The business has a 50-day moving average price of $13.17 and a two-hundred day moving average price of $12.69.

BYD (OTCMKTS:BYDDF) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $21.77 billion during the quarter, compared to analyst estimates 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.