BYD Electronic (International) (OTCMKTS:BYDIF) Stock Price Down 4.1% – Here’s What Happened

Shares of BYD Electronic (International) Company Limited (OTCMKTS:BYDIF) were down 4.1% during mid-day trading on Monday . The stock traded as low as C$3.50 and last traded at C$3.50. Approximately 2,025 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 1,848 shares. The stock had previously closed at C$3.65.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Jefferies Financial Group reissued a “hold” rating on shares of BYD Electronic (International) in a report on Monday, March 30th. The Goldman Sachs Group downgraded BYD Electronic (International) from a “buy” rating to a “neutral” rating in a report on Monday, February 9th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

BYD Electronic (International) Price Performance

The business’s 50-day simple moving average is C$3.92 and its 200 day simple moving average is C$4.34.

BYD Electronic (International) Company Profile

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.