BYD (OTCMKTS:BYDDY) Shares Gap Up - Time to Buy?

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)'s stock price 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 changing hands.

Wall Street Analysts Forecast Growth

BYDDY has been the subject of a number of analyst reports. Jefferies Financial Group cut shares of BYD from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Erste Group Bank lowered shares of BYD from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, BYD presently has a consensus rating of "Hold".

BYD Trading Up 4.3%

The firm has a market cap of $124.36 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 3.02 and a beta of -0.01. The business's 50 day moving average price is $41.93 and its 200-day moving average price is $79.15. 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.