BYD (OTCMKTS:BYDDF) Shares Gap Down – Time to Sell?

BYD Company Limited (OTCMKTS:BYDDF)’s share price gapped down before the market opened on Monday. The stock had previously closed at $9.45, but opened at $9.00. BYD shares last traded at $9.2525, with a volume of 12,125 shares.

Analyst Upgrades and Downgrades

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

BYD Stock Down 1.4%

The company has a market capitalization of $79.21 billion, a P/E ratio of 19.30 and a beta of 0.01. The business has a fifty day moving average price of $9.71 and a 200 day moving average price of $11.47.

BYD (OTCMKTS:BYDDF) last announced its earnings results on Thursday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $32.99 billion during the quarter, compared to analyst estimates 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.