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

Key Points

• BYD shares opened at $13.89, up from a previous close of $13.34, with a trading volume of 344,426 shares.
• Analysts have downgraded BYD’s rating from "strong-buy" to "hold", resulting in a consensus rating of "Hold" from multiple reports.
• The company's market capitalization stands at $124.36 billion, with a price-to-earnings ratio of 19.56 and a low debt-to-equity ratio of 0.06.

Byd Co., Ltd. (OTCMKTS:BYDDY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $13.34, but opened at $13.89. BYD shares last traded at $13.89, with a volume of 344,426 shares.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Jefferies Financial Group downgraded BYD from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Erste Group Bank lowered BYD from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

BYD Stock Performance

The stock's 50 day moving average is $35.66 and its two-hundred day moving average is $77.19. The stock has a market capitalization of $129.81 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 3.28 and a beta of -0.02. 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.