BYD (OTCMKTS:BYDDF) Reaches New 1-Year Low – Time to Sell?

Shares of BYD Company Limited (OTCMKTS:BYDDF) hit a new 52-week low on Wednesday. The company traded as low as $9.00 and last traded at $9.1125, with a volume of 18,263 shares. The stock had previously closed at $9.29.

Analysts Set New Price Targets

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

BYD Stock Down 3.9%

The stock’s fifty day simple moving average is $10.33 and its 200-day simple moving average is $11.28.

BYD (OTCMKTS:BYDDF) last announced its quarterly earnings data on Friday, August 28th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The firm had revenue of $24.10 billion for the quarter, compared to analysts’ expectations of $25.62 billion.

About BYD

BYD Co, Ltd. is a China-based technology and manufacturing company founded in 1995 and headquartered in Shenzhen. The company is best known for developing and producing electric and plug-in hybrid vehicles, including passenger cars, buses, trucks and other commercial vehicles under the BYD brand.

BYD also manufactures batteries and related energy-storage products, including batteries used in vehicles, renewable-energy systems and other applications. Its broader business activities include solar-power equipment, energy-storage solutions, rail transit systems and electronic components and assembly services for consumer and industrial products.

The company serves customers in China and international markets across Asia, Europe, North America, South America and other regions.