BYD (OTCMKTS:BYDDF) Trading 1.7% Higher – Here’s What Happened

BYD Company Limited (OTCMKTS:BYDDF) shares traded up 1.7% on Monday . The company traded as high as $15.58 and last traded at $15.53. 272,221 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 494,511 shares. The stock had previously closed at $15.28.

Analysts Set New Price Targets

Separately, Barclays restated an “overweight” rating and issued a $85.00 price objective on shares of BYD in a report on Friday, March 28th.

BYD Trading Up 1.7%

The company’s fifty day moving average price is $35.40 and its two-hundred day moving average price is $40.64. 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 (OTCMKTS:BYDDF) last released its quarterly earnings data on Friday, April 25th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The firm had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $188.91 billion. BYD had a net margin of 5.71% and a return on equity of 22.70%.

BYD Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, July 29th. Investors of record on Wednesday, June 11th will be issued a dividend of $3.974 per share. This represents a yield of 1.05%. The ex-dividend date of this dividend is Tuesday, June 10th.

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.