BYD (OTCMKTS:BYDDF) Trading 1.8% Higher - Still a Buy?

BYD Company Limited (OTCMKTS:BYDDF - Get Free Report)'s stock price shot up 1.8% on Wednesday . The stock traded as high as $18.95 and last traded at $18.18. 736,111 shares were traded during mid-day trading, an increase of 38% from the average session volume of 531,569 shares. The stock had previously closed at $17.85.

Analyst Ratings Changes

Separately, Barclays reaffirmed an "overweight" rating and issued a $85.00 price objective on shares of BYD in a report on Friday, March 28th.

BYD Price Performance

The stock has a fifty day simple moving average of $49.01 and a 200-day simple moving average of $43.32. The company has a market capitalization of $50.63 billion, a price-to-earnings ratio of 10.74 and a beta of 0.12.

BYD (OTCMKTS:BYDDF - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.08. The firm had revenue of $23.47 billion for the quarter, compared to analysts' expectations of $188.91 billion.

BYD Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Wednesday, June 11th will be given a dividend of $3.974 per share. This represents a dividend yield of 1.05%. The ex-dividend date of this dividend is Tuesday, June 10th.

BYD Company Profile

BYD Company Limited, together with its subsidiaries, engages in automobiles and batteries business in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company operates in two segments: Mobile Handset Components, Assembly Service and Other Products; and Automobiles and Related Products and Other Products.