BYD (OTCMKTS:BYDDY) Shares Gap Down – Here’s Why

Shares of Byd Co., Ltd. (OTCMKTS:BYDDY) gapped down before the market opened on Monday . The stock had previously closed at $11.45, but opened at $11.08. BYD shares last traded at $11.09, with a volume of 121,106 shares.

BYD Stock Down 3.2%

The company has a market capitalization of $98.99 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 1.02 and a beta of 0.12. The business has a fifty day moving average price of $11.03 and a 200 day moving average price of $11.99.

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

About BYD

BYD Co Ltd. (OTCMKTS: BYDDY) is a diversified Chinese industrial and technology company founded in 1995 and headquartered in Shenzhen, Guangdong. Originally established as a manufacturer of rechargeable batteries, BYD has expanded into a broad portfolio of businesses focused on electrification, energy and electronics. The company operates through a number of business units and subsidiaries, including BYD Auto and BYD Electronics, and is led by founder and chairman Wang Chuanfu.

The company’s primary activities center on new-energy vehicles and battery technologies.