BYD (OTCMKTS:BYDDY) Shares Gap Down - What's Next?

Key Points

• BYD's stock price gapped down from a closing value of $14.40 to an opening mark of $14.10, and last traded at $14.02 with a trading volume of 350,151 shares.
• Analysts have reduced their ratings for BYD, with Jefferies Financial Group and Erste Group Bank each lowering their recommendations to a "hold" rating.
• The company's market capitalization stands at $124.18 billion with a price-to-earnings ratio of 19.53, indicating a significant shift in market sentiment.

Byd Co., Ltd. (OTCMKTS:BYDDY - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $14.40, but opened at $14.10. BYD shares last traded at $14.02, with a volume of 350,151 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BYDDY shares. Jefferies Financial Group cut BYD from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Erste Group Bank cut BYD from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

BYD Trading Down 3.5%

The company has a market capitalization of $124.18 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 3.20 and a beta of 0.21. The company has a fifty day moving average of $19.16 and a 200-day moving average of $71.74. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.06.

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.

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