BYD (OTCMKTS:BYDDY) Cut to Hold at 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 lowered shares of BYD (OTCMKTS:BYDDY - Free Report) from a strong-buy rating to a hold rating in a research report report published on Monday, September 1st,Zacks.com reports.

BYD Trading Up 0.2%

Shares of BYDDY traded up $0.03 during midday trading on Monday, hitting $13.57. The stock had a trading volume of 596,150 shares, compared to its average volume of 3,648,687. BYD has a 1 year low of $9.99 and a 1 year high of $20.05. The firm has a market cap of $121.23 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 3.03 and a beta of -0.01. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.51. The stock's 50 day moving average is $48.34 and its 200 day moving average is $81.58.

About BYD

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.