BYD (OTCMKTS:BYDDY) Shares Gap Up – Here’s Why

Byd Co., Ltd. (OTCMKTS:BYDDY) shares gapped up before the market opened on Thursday . The stock had previously closed at $11.08, but opened at $11.50. BYD shares last traded at $11.49, with a volume of 311,982 shares trading hands.

BYD Stock Up 3.5%

The company has a market cap of $102.47 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 1.31 and a beta of 0.15. The company has a fifty day moving average of $11.10 and a 200 day moving average of $12.18.

BYD (OTCMKTS:BYDDY) last announced its earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $21.97 billion during the quarter, compared to analysts’ expectations of $21.09 billion. As a group, research analysts forecast that Byd Co., Ltd. will post 0.64 EPS for the current year.

About BYD

BYD Co Ltd. (OTCMKTS: BYDDY) is a diversified Chinese industrial and technology company founded in 1995 and headquartered in Shenzhen, Guangdong. Originally established as a manufacturer of rechargeable batteries, BYD has expanded into a broad portfolio of businesses focused on electrification, energy and electronics. The company operates through a number of business units and subsidiaries, including BYD Auto and BYD Electronics, and is led by founder and chairman Wang Chuanfu.

The company’s primary activities center on new-energy vehicles and battery technologies.