BYD (OTCMKTS:BYDDF) Sees Unusually-High Trading Volume – What’s Next?

Shares of BYD Company Limited (OTCMKTS:BYDDF) saw unusually-strong trading volume on Tuesday. Approximately 618,519 shares changed hands during trading, an increase of 175% from the previous session’s volume of 225,054 shares. The stock last traded at $9.57 and had previously closed at $9.94.

Analyst Ratings Changes

Separately, UBS Group set a $20.00 target price on BYD in a research note on Friday, September 11th.

BYD Price Performance

The company has a market cap of $83.40 billion, a PE ratio of 21.22 and a beta of 0.09. The business has a 50 day moving average of $11.11 and a 200 day moving average of $11.75.

BYD (OTCMKTS:BYDDF) last issued its quarterly earnings data on Friday, August 28th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $24.10 billion for the quarter, compared to analyst estimates of $25.62 billion.

About BYD

BYD Company Limited is a Chinese technology and manufacturing company headquartered in Shenzhen, China. Founded in 1995 by Wang Chuanfu, the company initially focused on rechargeable batteries before expanding into automobiles and other technology-related businesses.

BYD’s principal business is the development and manufacture of new-energy vehicles, including battery-electric and plug-in hybrid passenger cars, buses, trucks and other commercial vehicles. The company also produces electric vehicle powertrain systems, batteries and energy-storage products, including its Blade Battery technology.

Beyond automobiles, BYD operates businesses in consumer electronics manufacturing and rail transit.