BYD (OTCMKTS:BYDDF) Sees Strong Trading Volume – Time to Buy?

BYD Company Limited (OTCMKTS:BYDDF) shares saw unusually-high trading volume on Thursday. 278,215 shares were traded during mid-day trading, an increase of 27% from the average daily volume of 218,541 shares. The stock last traded at $8.6225 and had previously closed at $9.07.

BYD News Roundup

Investors following BYDDF have been watching these news items:

• Positive Sentiment: BYD is promoting an integrated solar-and-battery charging system with a claimed five-minute recharge capability. If commercialized at scale, the technology could help differentiate its EV ecosystem and support sales. Article: BYD’s futuristic EV charging station combines robotic arms with 5-minute recharges
• Negative Sentiment: Jaguar Land Rover reportedly had BYD offices searched amid a dispute over an SUV alleged to resemble the Defender. The legal conflict could bring costs, distraction, or reputational risk. Article: BYD offices raided as JLR legal battle heats up
• Negative Sentiment: BYD acknowledged that some Tang SUVs were fitted with incorrect wheel rims. The company apologized; the incident raises a quality-control concern, although the reports do not indicate its scale or financial cost. Article: BYD apologises for putting SUV’s wheels on the wrong way

Analysts Set New Price Targets

Separately, UBS Group set a $20.00 target price on BYD in a research note on Friday, September 11th.

BYD Price Performance

The firm’s 50-day moving average is $9.66 and its 200 day moving average is $11.45. The stock has a market cap of $74.98 billion, a price-to-earnings ratio of 18.27 and a beta of 0.01.

BYD (OTCMKTS:BYDDF) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $32.99 billion for the quarter, compared to analysts’ expectations of $34.35 billion.

BYD Company Profile

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.