BYD (OTCMKTS:BYDDF) Sees Large Volume Increase – Here’s What Happened

BYD Company Limited (OTCMKTS:BYDDF) saw an uptick in trading volume on Friday . Approximately 973,287 shares changed hands during mid-day trading, an increase of 300% from the previous session’s volume of 243,376 shares.The stock last traded at $11.12 and had previously closed at $11.10.

BYD Stock Performance

The stock has a fifty day moving average of $10.94 and a 200 day moving average of $12.17. The company has a market capitalization of $97.12 billion, a P/E ratio of 19.86 and a beta of 0.14.

BYD (OTCMKTS:BYDDF) last released its earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $21.77 billion during the quarter, compared to the consensus estimate of $21.05 billion.

About BYD

BYD Company Limited is a leading Chinese manufacturer specializing in electric vehicles, rechargeable batteries and renewable energy solutions. Established in 1995 in Shenzhen by entrepreneur Wang Chuanfu, BYD initially focused on the production of nickel-metal hydride batteries before expanding into automotive manufacturing in the early 2000s. The company’s name, an acronym of “Build Your Dreams,” reflects its mission to drive sustainable transportation and energy innovation worldwide.

In its automotive segment, BYD designs and produces a broad range of passenger cars, buses, trucks and commercial vehicles, with a particular emphasis on battery-electric and plug-in hybrid models.