BYD (OTCMKTS:BYDDF) Shares Gap Up – Should You Buy?

Shares of BYD Company Limited (OTCMKTS:BYDDF) gapped up before the market opened on Monday. The stock had previously closed at $8.7780, but opened at $9.10. BYD shares last traded at $8.99, with a volume of 5,007 shares traded.

Analyst Ratings Changes

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

BYD Stock Performance

The business’s 50 day moving average is $10.20 and its 200 day moving average is $11.64.

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