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

Shares of BYD Company Limited (OTCMKTS:BYDDF) saw strong trading volume on Tuesday. 498,779 shares changed hands during trading, an increase of 126% from the previous session’s volume of 220,857 shares. The stock last traded at $9.2575 and had previously closed at $9.29.

Wall Street Analyst Weigh In

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

BYD Trading Up 0.6%

The stock has a market capitalization of $81.66 billion, a P/E ratio of 20.78 and a beta of 0.07. The business has a 50-day moving average price of $10.47 and a 200 day moving average price of $11.37.

BYD (OTCMKTS:BYDDF) last posted its earnings results 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 company 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.