BYD (OTCMKTS:BYDDF) Stock Price Down 0.2% – Should You Sell?

BYD Company Limited (OTCMKTS:BYDDF) dropped 0.2% during mid-day trading on Monday . The company traded as low as $45.20 and last traded at $45.70. Approximately 119,551 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 167,163 shares. The stock had previously closed at $45.78.

Analysts Set New Price Targets

Separately, Barclays reiterated an “overweight” rating and issued a $85.00 price objective on shares of BYD in a research note on Friday, March 28th.

BYD Stock Down 0.2 %

The firm’s fifty day moving average is $47.75 and its 200-day moving average is $39.76. The stock has a market capitalization of $133.04 billion, a PE ratio of 28.21 and a beta of 0.16.

BYD (OTCMKTS:BYDDF) last released its quarterly earnings data on Monday, March 24th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.03. The company had revenue of $37.20 billion for the quarter, compared to analysts’ expectations of $174.49 billion.

About BYD

BYD Company Limited, together with its subsidiaries, engages in automobiles and batteries business in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company operates in two segments: Mobile Handset Components, Assembly Service and Other Products; and Automobiles and Related Products and Other Products.