BYD (OTCMKTS:BYDDY) Trading Up 1.7% – Here’s Why

Byd Co., Ltd. (OTCMKTS:BYDDY) shares rose 1.7% during trading on Monday . The company traded as high as $12.77 and last traded at $12.62. Approximately 1,871,011 shares changed hands during trading, a decline of 1% from the average daily volume of 1,890,026 shares. The stock had previously closed at $12.41.

Wall Street Analyst Weigh In

Separately, Piper Sandler assumed coverage on BYD in a report on Tuesday, November 11th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

BYD Trading Up 1.7%

The business has a 50-day simple moving average of $12.32 and a 200-day simple moving average of $13.04.

BYD Company Profile

BYD Co Ltd. (OTCMKTS: BYDDY) is a diversified Chinese industrial and technology company founded in 1995 and headquartered in Shenzhen, Guangdong. Originally established as a manufacturer of rechargeable batteries, BYD has expanded into a broad portfolio of businesses focused on electrification, energy and electronics. The company operates through a number of business units and subsidiaries, including BYD Auto and BYD Electronics, and is led by founder and chairman Wang Chuanfu.

The company’s primary activities center on new-energy vehicles and battery technologies.