BYD (OTCMKTS:BYDDY) Stock Rating Lowered by Jefferies Financial Group

Key Points

• Jefferies Financial Group has downgraded BYD from a "strong-buy" to a "hold" rating, reflecting changes in analyst sentiment.
• BYD's stock opened at $13.85 and exhibits significant variance with a 1-year low of $9.94 and a high of $20.05.
• The company operates primarily in automobiles and batteries, with a market capitalization of $123.74 billion.

Jefferies Financial Group cut shares of BYD (OTCMKTS:BYDDY - Free Report) from a strong-buy rating to a hold rating in a research note released on Monday, September 1st,Zacks.com reports.

BYD Price Performance

OTCMKTS:BYDDY traded up $0.13 on Monday, reaching $13.54. The stock had a trading volume of 1,326,461 shares, compared to its average volume of 3,666,241. The company has a market capitalization of $120.97 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 3.03 and a beta of -0.01. BYD has a 1-year low of $9.99 and a 1-year high of $20.05. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average price of $49.95 and a 200-day moving average price of $82.19.

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.