Ping An Insurance (Group) Company of China (OTCMKTS:BYDDY) Rating Lowered to Sell at Zacks Investment Research

Ping An Insurance (Group) Company of China (OTCMKTS:BYDDY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “BYD Company Limited is principally engaged in the research, development, manufacture and distribution of automobiles, secondary rechargeable batteries and mobile phone components. It’s Automobiles and Related Products segment manufactures and sells automobiles, and auto-related moulds and components. The Company researches, develops, manufactures and sells batteries, which are applied on mobile phones, cordless phones, power tools and other kinds of portable electronic devices. Its rechargeable battery business provides lithium-ion batteries and nickel batteries. BYD’s mobile phone components and assembly business segment engages in the manufacture and sale of mobile handset components, such as housings and keypads; and provides assembly services. It has operations primarily in China, India, Hungary, and Brazil. BYD Company Limited is based in Shenzhen, the People’s Republic of China. “

Separately, ValuEngine upgraded Ping An Insurance (Group) Company of China from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th.

BYDDY traded up $0.05 during trading hours on Thursday, hitting $9.70. The company’s stock had a trading volume of 259,933 shares, compared to its average volume of 62,988. Ping An Insurance has a fifty-two week low of $9.58 and a fifty-two week high of $15.19.

About Ping An Insurance (Group) Company of China

BYD Company Limited, together with its subsidiaries, engages in the rechargeable battery and photovoltaic, handset components and assembly, and automobile businesses worldwide. It operates through three segments: Rechargeable Battery and Photovoltaic Business; Mobile Handset Components and Assembly Service; and Automobiles and Related Products.

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