BYD (OTCMKTS:BYDDY) Shares Up 2.9% - Time to Buy?

Key Points

• BYD shares were up 2.9% on Friday, trading at $12.345 with roughly 665,792 shares changing hands — about a 79% drop versus average daily volume.
• Analyst sentiment has cooled: Jefferies and Erste downgraded the stock to Hold, Piper Sandler started coverage at Neutral, and the consensus rating is currently "Hold".
• Key fundamentals: market cap ~$107.2B, P/E 17.65, PEG 2.98 and a very low debt-to-equity of 0.06, while the 50‑day moving average ($12.62) sits far below the 200‑day average ($34.92), reflecting a longer-term price decline.

Byd Co., Ltd. (OTCMKTS:BYDDY - Get Free Report)'s stock price was up 2.9% during trading on Friday . The stock traded as high as $12.35 and last traded at $12.3450. Approximately 665,792 shares traded hands during trading, a decline of 79% from the average daily volume of 3,121,310 shares. The stock had previously closed at $12.00.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Jefferies Financial Group cut BYD from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Piper Sandler started coverage on BYD in a report on Tuesday, November 11th. They set a "neutral" rating on the stock. Finally, Erste Group Bank downgraded BYD from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

BYD Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.51 and a current ratio of 0.81. The company has a market cap of $107.21 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 2.98 and a beta of 0.20. The business has a fifty day moving average price of $12.62 and a 200 day moving average price of $34.92.

BYD Company Profile

BYD Co Ltd. OTCMKTS: BYDDY is a diversified Chinese industrial and technology company founded in 1995 and headquartered in Shenzhen, Guangdong. Originally established as a manufacturer of rechargeable batteries, BYD has expanded into a broad portfolio of businesses focused on electrification, energy and electronics. The company operates through a number of business units and subsidiaries, including BYD Auto and BYD Electronics, and is led by founder and chairman Wang Chuanfu.

The company's primary activities center on new-energy vehicles and battery technologies.

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