BYD (OTCMKTS:BYDDY) Stock Price Down 1.1% – Here’s Why

Byd Co., Ltd. (OTCMKTS:BYDDY)’s stock price dropped 1.1% during mid-day trading on Monday. The company traded as low as $9.85 and last traded at $9.87. 891,031 shares were traded during trading, a decline of 28% from the average daily volume of 1,240,723 shares. The stock had previously closed at $9.98.

BYD Stock Down 1.1%

The firm’s 50-day simple moving average is $11.07 and its 200 day simple moving average is $11.70. The stock has a market capitalization of $88.18 billion, a P/E ratio of 17.32, a PEG ratio of 0.86 and a beta of 0.10.

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

About BYD

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.