BYD (OTCMKTS:BYDDF) Sees Large Volume Increase – Here’s Why

BYD Company Limited (OTCMKTS:BYDDF) shares saw unusually-strong trading volume on Wednesday . Approximately 226,568 shares traded hands during trading, an increase of 8% from the previous session’s volume of 209,772 shares.The stock last traded at $12.64 and had previously closed at $13.00.

BYD Stock Down 1.4%

The company has a debt-to-equity ratio of 0.29, a current ratio of 0.87 and a quick ratio of 0.56. The firm has a 50-day simple moving average of $13.13 and a two-hundred day simple moving average of $12.76. The company has a market cap of $111.92 billion, a PE ratio of 18.57 and a beta of 0.18.

BYD (OTCMKTS:BYDDF) last released its quarterly 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 business had revenue of $21.77 billion during 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.