BYD (OTCMKTS:BYDDF) Sees Large Volume Increase – Still a Buy?

BYD Company Limited (OTCMKTS:BYDDF) shares saw strong trading volume on Tuesday. 498,779 shares traded hands during trading, an increase of 126% from the previous session’s volume of 220,857 shares. The stock last traded at $9.2575 and had previously closed at $9.29.

Wall Street Analysts Forecast Growth

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

BYD Stock Down 2.7%

The firm has a market cap of $79.80 billion, a price-to-earnings ratio of 20.31 and a beta of 0.07. The stock has a 50 day moving average of $10.38 and a 200 day moving average of $11.31.

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

BYD Company Profile

BYD Co, Ltd. is a China-based technology and manufacturing company founded in 1995 and headquartered in Shenzhen. The company is best known for developing and producing electric and plug-in hybrid vehicles, including passenger cars, buses, trucks and other commercial vehicles under the BYD brand.

BYD also manufactures batteries and related energy-storage products, including batteries used in vehicles, renewable-energy systems and other applications. Its broader business activities include solar-power equipment, energy-storage solutions, rail transit systems and electronic components and assembly services for consumer and industrial products.

The company serves customers in China and international markets across Asia, Europe, North America, South America and other regions.