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BYD (OTCMKTS:BYDDY) Shares Gap Up - Here's Why

BYD logo with Auto/Tires/Trucks background

Byd Co., Ltd. (OTCMKTS:BYDDY - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $97.50, but opened at $101.99. BYD shares last traded at $101.70, with a volume of 322,223 shares changing hands.

BYD Price Performance

The stock has a market capitalization of $147.35 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 3.32 and a beta of 0.09. The business's 50 day simple moving average is $100.77 and its 200-day simple moving average is $93.54. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.51 and a current ratio of 0.81.

BYD (OTCMKTS:BYDDY - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.16. BYD had a net margin of 5.71% and a return on equity of 22.70%. The business had revenue of $23.36 billion for the quarter, compared to the consensus estimate of $188.91 billion. Research analysts anticipate that Byd Co., Ltd. will post 3.87 earnings per share for the current year.

BYD Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, August 13th. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.8801 per share. The ex-dividend date is Wednesday, June 11th. This represents a dividend yield of 0.84%. This is a positive change from BYD's previous dividend of $0.72. BYD's payout ratio is currently 20.61%.

About BYD

(Get Free Report)

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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