BYD (OTCMKTS:BYDDF) Shares Gap Down – What’s Next?

BYD Company Limited (OTCMKTS:BYDDF)’s share price gapped down prior to trading on Tuesday. The stock had previously closed at $9.13, but opened at $8.80. BYD shares last traded at $8.9230, with a volume of 2,151 shares changing hands.

Wall Street Analysts Forecast Growth

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

BYD Stock Down 0.4%

The stock has a 50 day moving average of $10.25 and a 200 day moving average of $11.66. The company has a market capitalization of $78.40 billion, a price-to-earnings ratio of 19.95 and a beta of 0.07.

BYD (OTCMKTS:BYDDF) last announced its earnings results on Friday, August 28th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $24.10 billion during the quarter, compared to analyst estimates of $25.62 billion.

BYD Company Profile

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.