BYD (OTCMKTS:BYDDF) Hits New 52-Week Low – Here’s Why

Shares of BYD Company Limited (OTCMKTS:BYDDF) reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $8.48 and last traded at $8.90, with a volume of 56,355 shares changing hands. The stock had previously closed at $9.07.

Analyst Ratings Changes

Separately, UBS Group set a $20.00 price objective on BYD in a research note on Friday, September 11th.

BYD Trading Down 3.5%

The business’s 50-day moving average is $9.71 and its two-hundred day moving average is $11.47. The firm has a market cap of $76.46 billion, a P/E ratio of 18.63 and a beta of 0.01.

BYD (OTCMKTS:BYDDF) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $32.99 billion for the quarter, compared to analysts’ expectations of $34.35 billion.

About BYD

BYD Company Limited is a China-based manufacturer of automobiles, batteries and electronic products. Founded in 1995 as a rechargeable-battery company, it expanded into vehicle production and is headquartered in Shenzhen, China. The company produces battery-electric and plug-in hybrid passenger vehicles, as well as commercial vehicles such as buses and trucks. Its other businesses include rechargeable batteries and energy-storage products, along with electronics manufacturing services. BYD serves customers in China and international markets, with vehicle sales and operations extending across regions including Europe, Asia and Latin America.