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

Key Points

• BYD Co., Ltd. saw its share price rise from $13.46 to $13.81 before settling at $13.75, with a trading volume of 291,517 shares.
• Analysts have downgraded BYD from a "strong-buy" and "buy" rating to "hold," resulting in a consensus rating of "Hold" among market analysts.
• BYD has a market capitalization of $123.40 billion and a price-to-earnings ratio of 19.41, indicating its current financial standing.

Byd Co., Ltd. (OTCMKTS:BYDDY - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $13.46, but opened at $13.81. BYD shares last traded at $13.75, with a volume of 291,517 shares.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BYDDY. Jefferies Financial Group cut shares of BYD from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Erste Group Bank cut 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, Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

BYD Stock Up 2.6%

The firm's 50-day moving average price is $29.32 and its 200 day moving average price is $75.07. The company has a market capitalization of $123.40 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 3.07 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.

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.

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