BYD (OTCMKTS:BYDDF) Shares Gap Down – Should You Sell?

BYD Company Limited (OTCMKTS:BYDDF) shares gapped down prior to trading on Monday . The stock had previously closed at $12.46, but opened at $11.75. BYD shares last traded at $11.7150, with a volume of 281,047 shares changing hands.

BYD Stock Down 7.1%

The company has a market cap of $101.05 billion, a price-to-earnings ratio of 16.22 and a beta of 0.16. The stock’s 50-day simple moving average is $12.48 and its 200 day simple moving average is $13.48.

About BYD

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.