BYD Electronic (International) (OTC:BYDIF) Trading Down 1.6% – What’s Next?

BYD Electronic (International) Company Limited (OTC:BYDIF) shares fell 1.6% during mid-day trading on Friday . The company traded as low as C$4.38 and last traded at C$4.38. 419 shares traded hands during trading, a decline of 92% from the average session volume of 5,322 shares. The stock had previously closed at C$4.45.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded BYD Electronic (International) to a “neutral” rating in a research note on Wednesday, March 26th.

BYD Electronic (International) Stock Performance

The stock has a 50-day simple moving average of C$4.85 and a two-hundred day simple moving average of C$5.12.

About BYD Electronic (International)

BYD Electronic (International) Company Limited, an investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People's Republic of China and internationally. The company is involved in various businesses comprising smart phones, tablet PCs, new energy vehicles, residential energy storage, smart home, game hardware, unmanned aerial vehicles, AI servers, 3D printers, Internet of Things, robots, communication equipment, health devices, and other diversified market areas.