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

Shares of BYD Company Limited (OTCMKTS:BYDDF) saw unusually-high trading volume on Friday . Approximately 216,271 shares traded hands during trading, a decline of 7% from the previous session’s volume of 232,176 shares.The stock last traded at $10.22 and had previously closed at $10.03.

Analyst Ratings Changes

Separately, UBS Group set a $20.00 target price on shares of BYD in a report on Friday.

BYD Stock Up 1.4%

The stock has a market cap of $88.86 billion, a P/E ratio of 22.61 and a beta of 0.09. The business has a 50 day moving average price of $11.27 and a two-hundred day moving average price of $11.93.

BYD (OTCMKTS:BYDDF) last released its quarterly earnings data on Friday, August 28th. The company reported $0.13 earnings per share (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 the consensus estimate of $25.62 billion.

BYD Company Profile

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

BYD’s automotive operations develop and manufacture battery-electric and plug-in hybrid passenger vehicles, commercial vehicles, buses and trucks. Its vehicle portfolio includes models sold under the BYD brand, as well as premium and specialty brands such as Denza, Yangwang and Fangchengbao.