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

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

BYD Stock Down 1.2%

The business has a 50 day simple moving average of $10.60 and a 200-day simple moving average of $11.43. The company has a market capitalization 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 announced its quarterly earnings data on Friday, August 28th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. The business had revenue of $24.23 billion during the quarter, compared to analyst estimates of $25.81 billion. Equities analysts forecast that Byd Co., Ltd. will post 0.64 EPS for the current fiscal 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.