BYD (OTCMKTS:BYDDF) Shares Gap Up – What’s Next?

BYD Company Limited (OTCMKTS:BYDDF) shares 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 price target on BYD in a research note on Friday, September 11th.

BYD Stock Performance

The business has a 50 day simple moving average of $10.29 and a 200-day simple moving average of $11.25. The firm has a market capitalization of $78.51 billion, a price-to-earnings ratio of 19.98 and a beta of 0.07.

BYD (OTCMKTS:BYDDF) last announced 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 firm had revenue of $24.10 billion for the quarter, compared to analysts’ expectations 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.