BYD (OTCMKTS:BYDDF) Sees Strong Trading Volume – What’s Next?

Shares of BYD Company Limited (OTCMKTS:BYDDF) saw strong trading volume on Tuesday. 618,519 shares traded hands during trading, an increase of 175% from the previous session’s volume of 225,054 shares. The stock last traded at $9.57 and had previously closed at $9.94.

Wall Street Analyst Weigh In

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

BYD Stock Up 1.0%

The stock has a fifty day simple moving average of $11.04 and a 200 day simple moving average of $11.71. The firm has a market capitalization of $84.19 billion, a P/E ratio of 21.42 and a beta of 0.09.

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

About BYD

BYD Company Limited is a Chinese technology and manufacturing company headquartered in Shenzhen, China. Founded in 1995 by Wang Chuanfu, the company initially focused on rechargeable batteries before expanding into automobiles and other technology-related businesses.

BYD’s principal business is the development and manufacture of new-energy vehicles, including battery-electric and plug-in hybrid passenger cars, buses, trucks and other commercial vehicles. The company also produces electric vehicle powertrain systems, batteries and energy-storage products, including its Blade Battery technology.

Beyond automobiles, BYD operates businesses in consumer electronics manufacturing and rail transit.