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BYD (OTCMKTS:BYDDF) Shares Gap Down - Here's What Happened

BYD logo with Auto/Tires/Trucks background
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Key Points

  • BYD (OTCMKTS:BYDDF) gapped down at the open from $12.27 to $11.70 but was last trading at $12.48, up about 1.5%, on volume of 731,570 shares.
  • The stock's 50-day and 200-day simple moving averages are $12.39 and $12.92 respectively; the company has a market capitalization of $108.75 billion, a P/E of 17.46 and a beta of 0.22.
  • BYD is a leading Chinese manufacturer of electric vehicles, rechargeable batteries and renewable energy solutions, founded in 1995 (the name stands for "Build Your Dreams").
  • MarketBeat previews the top five stocks to own by May 1st.

BYD Company Limited (OTCMKTS:BYDDF - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $12.27, but opened at $11.70. BYD shares last traded at $12.48, with a volume of 731,570 shares traded.

BYD Trading Up 1.5%

The stock has a 50-day simple moving average of $12.39 and a two-hundred day simple moving average of $12.92. The firm has a market capitalization of $108.75 billion, a P/E ratio of 17.46 and a beta of 0.22.

BYD Company Profile

(Get Free Report)

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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