BYD (OTCMKTS:BYDDY) Shares Down 3.1% - Here's Why

Key Points

• BYD shares experienced a 3.1% decline on Wednesday, with trading volume falling 22% compared to the average.
• The company declared a dividend of $0.8801, marking an increase from the previous dividend of $0.72, which results in a dividend yield of 84.0%.
• BYD has a market capitalization of $131.15 billion and a current debt-to-equity ratio of 0.06, indicating strong financial stability.

Byd Co., Ltd. (OTCMKTS:BYDDY - Get Free Report) shares traded down 3.1% on Wednesday . The company traded as low as $14.61 and last traded at $14.68. 1,735,913 shares were traded during mid-day trading, a decline of 22% from the average session volume of 2,238,157 shares. The stock had previously closed at $15.15.

BYD Trading Up 2.9%

The stock's fifty day moving average price is $54.92 and its two-hundred day moving average price is $83.97. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $125.43 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 1.38 and a beta of -0.02.

BYD Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, August 13th. Investors of record on Thursday, June 12th were issued a dividend of $0.8801 per share. The ex-dividend date was Wednesday, June 11th. This represents a yield of 84.0%. This is an increase from BYD's previous dividend of $0.72. BYD's dividend payout ratio (DPR) is currently 21.13%.

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.