BYD (OTCMKTS:BYDDY) Stock Price Up 1.6% - Here's Why

Key Points

• BYD's stock price increased by 1.6%, reaching a last trading price of $13.58, despite a 17% decline in trading volume compared to its average.
• Analyst ratings for BYD have been recently downgraded, with Erste Group Bank and Jefferies Financial Group both changing their ratings to "hold."
• The company has a market capitalization of $121.32 billion and a price-to-earnings ratio of 19.08, indicating its value in the automotive and battery sectors.

Byd Co., Ltd. (OTCMKTS:BYDDY - Get Free Report)'s share price rose 1.6% during trading on Monday . The stock traded as high as $13.61 and last traded at $13.58. Approximately 1,693,618 shares traded hands during trading, a decline of 17% from the average daily volume of 2,037,615 shares. The stock had previously closed at $13.37.

Analyst Ratings Changes

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

BYD Price Performance

The stock has a fifty day moving average of $13.89 and a two-hundred day moving average of $61.46. The stock has a market capitalization of $121.32 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 2.63 and a beta of 0.21. 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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