BYD (OTCMKTS:BYDDY) Stock Price Down 3.1% - What's Next?

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)'s share price fell 3.1% during trading on Wednesday . The stock traded as low as $14.61 and last traded at $14.68. 1,735,913 shares were traded during trading, a decline of 22% from the average session volume of 2,238,157 shares. The stock had previously closed at $15.15.

BYD Stock Performance

The company's 50 day moving average price is $58.32 and its 200-day moving average price is $85.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.51 and a current ratio of 0.81. The company has a market cap of $121.95 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 1.38 and a beta of -0.01.

BYD Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, August 13th. Investors of record on Thursday, June 12th were paid a $0.8801 dividend. The ex-dividend date was Wednesday, June 11th. This represents a yield of 84.0%. This is a positive change from BYD's previous dividend of $0.72. BYD's dividend payout ratio (DPR) is presently 21.13%.

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.