BYD (OTCMKTS:BYDDF) Shares Gap Up – Here’s Why

BYD Company Limited (OTCMKTS:BYDDF) gapped up prior to trading on Monday. The stock had previously closed at $8.7780, but opened at $9.10. BYD shares last traded at $8.99, with a volume of 5,007 shares.

Wall Street Analysts Forecast Growth

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

BYD Stock Performance

The company has a 50 day simple moving average of $10.29 and a two-hundred day simple moving average of $11.25. The firm has a market cap of $78.51 billion, a PE ratio of 19.98 and a beta of 0.07.

BYD (OTCMKTS:BYDDF) last issued its earnings results on Friday, August 28th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The company had revenue of $24.10 billion during the quarter, compared to analysts’ expectations of $25.62 billion.

About BYD

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.