Piper Sandler Begins Coverage on BYD (OTCMKTS:BYDDY)

Key Points

• Piper Sandler initiated coverage on BYD and assigned a neutral rating.
• Several other brokerages including Jefferies and Erste recently downgraded BYD to a Hold, and the stock's average analyst rating is now Hold.
• BYD opened at $13.09 with a market cap of $116.95 billion and a P/E of 18.39, trading in a one-year range of $10.58–$20.05; the company shows low leverage (debt/equity 0.06) but current and quick ratios under 1 (0.81 and 0.51).

Piper Sandler began coverage on shares of BYD (OTCMKTS:BYDDY - Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a "neutral" rating on the stock.

Several other equities research analysts have also recently commented 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. Erste Group Bank lowered shares of BYD from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold".

BYD Price Performance

Shares of BYDDY opened at $13.09 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.51. BYD has a 1-year low of $10.58 and a 1-year high of $20.05. The stock has a market cap of $116.95 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 2.66 and a beta of 0.28. The firm has a fifty day moving average price of $13.57 and a 200 day moving average price of $55.39.

About BYD

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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