BYD (OTCMKTS:BYDDF) Reaches New 12-Month Low – Should You Sell?

Shares of BYD Company Limited (OTCMKTS:BYDDF) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $9.25 and last traded at $9.26, with a volume of 59,089 shares traded. The stock had previously closed at $9.42.

Wall Street Analysts Forecast Growth

Separately, UBS Group set a $20.00 target price on shares of BYD in a research report on Friday, September 11th.

BYD Stock Performance

The business’s 50-day moving average price is $10.76 and its 200 day moving average price is $11.55. The stock has a market capitalization of $84.47 billion, a PE ratio of 21.49 and a beta of 0.07.

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

About BYD

BYD Company Limited is a Chinese technology and manufacturing company headquartered in Shenzhen, China. Founded in 1995 by Wang Chuanfu, the company initially focused on rechargeable batteries before expanding into automobiles and other technology-related businesses.

BYD’s principal business is the development and manufacture of new-energy vehicles, including battery-electric and plug-in hybrid passenger cars, buses, trucks and other commercial vehicles. The company also produces electric vehicle powertrain systems, batteries and energy-storage products, including its Blade Battery technology.

Beyond automobiles, BYD operates businesses in consumer electronics manufacturing and rail transit.