BYD (OTCMKTS:BYDDY) Reaches New 52-Week Low – Here’s What Happened

Byd Co., Ltd. (OTCMKTS:BYDDY) shares hit a new 52-week low on Thursday. The company traded as low as $9.21 and last traded at $9.23, with a volume of 864590 shares changing hands. The stock had previously closed at $9.38.

BYD Price Performance

The business’s 50 day moving average is $10.81 and its 200 day moving average is $11.54. The stock has a market cap of $82.46 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 0.82 and a beta of 0.08.

BYD (OTCMKTS:BYDDY) last posted its quarterly earnings results on Friday, August 28th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $24.23 billion during the quarter, compared to analyst estimates of $25.81 billion. As a group, analysts forecast that Byd Co., Ltd. will post 0.64 earnings per share for the current year.

BYD Company Profile

BYD Company Limited is a China-based technology and manufacturing company best known for its electric vehicles and rechargeable battery systems. Founded in 1995 and headquartered in Shenzhen, the company initially focused on batteries before entering the automotive industry in 2003.

BYD develops and manufactures battery-electric and plug-in hybrid passenger vehicles, commercial vehicles, buses, trucks, and specialty vehicles. Its automotive business includes the BYD, Denza, Fangchengbao, and Yangwang brands, as well as components and technologies such as vehicle batteries, electric powertrains, and the proprietary Blade Battery.