BYD (OTCMKTS:BYDDF) Stock Price Down 4.2% – Time to Sell?

BYD Company Limited (OTCMKTS:BYDDF) dropped 4.2% on Wednesday . The company traded as low as $11.46 and last traded at $11.50. Approximately 115,708 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 213,360 shares. The stock had previously closed at $12.00.

BYD Stock Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.87. The business has a 50 day moving average price of $13.16 and a two-hundred day moving average price of $12.68. The company has a market cap of $102.41 billion, a P/E ratio of 20.94 and a beta of 0.18.

BYD (OTCMKTS:BYDDF) last released its earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $21.77 billion during the quarter, compared to the consensus estimate of $21.05 billion.

BYD Company Profile

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.