BYD (OTCMKTS:BYDDF) Sees Strong Trading Volume – Still a Buy?

BYD Company Limited (OTCMKTS:BYDDF) shares saw unusually-strong trading volume on Friday . Approximately 973,287 shares were traded during mid-day trading, an increase of 300% from the previous session’s volume of 243,376 shares.The stock last traded at $11.12 and had previously closed at $11.10.

BYD Stock Up 0.9%

The firm has a market cap of $97.79 billion, a price-to-earnings ratio of 20.00 and a beta of 0.14. The company’s 50-day moving average price is $10.97 and its 200-day moving average price is $12.18.

BYD (OTCMKTS:BYDDF) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $21.77 billion for the quarter, compared to analysts’ expectations of $21.05 billion.

BYD Company Profile

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.