BYD (OTCMKTS:BYDDF) Shares Gap Down – What’s Next?

BYD Company Limited (OTCMKTS:BYDDF) shares gapped down before the market opened on Thursday . The stock had previously closed at $12.00, but opened at $11.50. BYD shares last traded at $11.60, with a volume of 37,603 shares trading hands.

BYD Stock Up 0.8%

The company has a market capitalization of $102.05 billion, a PE ratio of 20.87 and a beta of 0.18. The company’s 50 day moving average is $13.15 and its two-hundred day moving average is $12.67. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 0.29.

BYD (OTCMKTS:BYDDF) last posted its earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $21.77 billion for the quarter, compared to the consensus estimate of $21.05 billion.

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.