BYD (OTCMKTS:BYDDY) Trading Down 3.5% - Time to Sell?

Key Points

• BYD's stock price declined by 3.5%, trading at around $13.90 after previously closing at $14.40, with a significant increase in trading volume.
• Analysts have adjusted their ratings on BYD, with Erste Group Bank and Jefferies Financial Group both downgrading their ratings from "buy" to "hold."
• BYD currently has a market capitalization of $124.18 billion and operates in the automobile and battery sectors across multiple regions.

Byd Co., Ltd. (OTCMKTS:BYDDY - Get Free Report)'s stock price was down 3.5% during mid-day trading on Friday . The stock traded as low as $13.88 and last traded at $13.90. Approximately 2,807,499 shares changed hands during trading, an increase of 21% from the average daily volume of 2,312,873 shares. The stock had previously closed at $14.40.

Analysts Set New Price Targets

A number of research analysts have recently commented on BYDDY shares. Erste Group Bank cut BYD from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Jefferies Financial Group cut BYD from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, BYD currently has an average rating of "Hold".

BYD Stock Down 3.5%

The stock has a market cap of $124.18 billion, a P/E ratio of 19.53, a P/E/G ratio of 3.26 and a beta of 0.21. The company's 50 day moving average price is $17.46 and its two-hundred day moving average price is $71.11. The company has a quick ratio of 0.51, a current ratio of 0.81 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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