BYD Electronic (International) (OTC:BYDIF) Stock Price Down 6.4% – What’s Next?

Shares of BYD Electronic (International) Company Limited (OTC:BYDIF) traded down 6.4% during trading on Friday . The company traded as low as C$4.10 and last traded at C$4.10. 4,970 shares traded hands during trading, an increase of 210% from the average session volume of 1,605 shares. The stock had previously closed at C$4.38.

Wall Street Analyst Weigh In

BYDIF has been the topic of several research analyst reports. The Goldman Sachs Group lowered shares of BYD Electronic (International) from a “buy” rating to a “neutral” rating in a research report on Monday. Citigroup restated a “buy” rating on shares of BYD Electronic (International) in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

BYD Electronic (International) Stock Performance

The business’s 50-day moving average is C$4.37 and its 200 day moving average is C$4.73.

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.