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

BYD Company Limited (OTCMKTS:BYDDF)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $11.1350, but opened at $11.59. BYD shares last traded at $11.43, with a volume of 217,062 shares changing hands.

BYD Trading Down 1.9%

The firm has a 50-day simple moving average of $11.09 and a two-hundred day simple moving average of $12.21. The company has a market capitalization of $98.86 billion, a price-to-earnings ratio of 20.21 and a beta of 0.14.

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