BYD (OTCMKTS:BYDDY) Trading Down 2.3% – Here’s Why

Byd Co., Ltd. (OTCMKTS:BYDDY)’s share price dropped 2.3% on Wednesday . The company traded as low as $11.53 and last traded at $11.57. Approximately 1,614,762 shares were traded during trading, a decline of 11% from the average daily volume of 1,810,523 shares. The stock had previously closed at $11.84.

BYD Trading Up 0.6%

The stock has a market cap of $103.55 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.41 and a beta of 0.19. The stock has a 50-day moving average price of $13.00 and a two-hundred day moving average price of $12.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.56.

BYD (OTCMKTS:BYDDY) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The firm had revenue of $21.97 billion for the quarter, compared to analysts’ expectations of $21.09 billion. Sell-side analysts forecast that Byd Co., Ltd. will post 0.63 earnings per share for the current fiscal year.

About BYD

BYD Co Ltd. (OTCMKTS: BYDDY) is a diversified Chinese industrial and technology company founded in 1995 and headquartered in Shenzhen, Guangdong. Originally established as a manufacturer of rechargeable batteries, BYD has expanded into a broad portfolio of businesses focused on electrification, energy and electronics. The company operates through a number of business units and subsidiaries, including BYD Auto and BYD Electronics, and is led by founder and chairman Wang Chuanfu.

The company’s primary activities center on new-energy vehicles and battery technologies.