BYD (OTCMKTS:BYDDF) Shares Gap Up – Here’s What Happened

BYD Company Limited (OTCMKTS:BYDDF)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $9.2950, but opened at $9.72. BYD shares last traded at $9.9250, with a volume of 46,365 shares.

BYD Stock Up 6.8%

The stock’s fifty day moving average is $11.77 and its 200 day moving average is $12.34. The company has a current ratio of 0.87, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $86.72 billion, a P/E ratio of 17.73 and a beta of 0.14.

BYD (OTCMKTS:BYDDF) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $21.77 billion for the quarter, compared to analyst estimates of $21.05 billion.

About BYD

BYD Company Limited is a leading Chinese manufacturer specializing in electric vehicles, rechargeable batteries and renewable energy solutions. Established in 1995 in Shenzhen by entrepreneur Wang Chuanfu, BYD initially focused on the production of nickel-metal hydride batteries before expanding into automotive manufacturing in the early 2000s. The company’s name, an acronym of “Build Your Dreams,” reflects its mission to drive sustainable transportation and energy innovation worldwide.

In its automotive segment, BYD designs and produces a broad range of passenger cars, buses, trucks and commercial vehicles, with a particular emphasis on battery-electric and plug-in hybrid models.