BYD (OTCMKTS:BYDDF) Hits New 52-Week Low – Here’s What Happened

BYD Company Limited (OTCMKTS:BYDDF)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $9.50 and last traded at $9.66, with a volume of 35190 shares traded. The stock had previously closed at $10.33.

BYD Trading Down 2.6%

The firm has a market cap of $84.95 billion, a PE ratio of 17.37 and a beta of 0.14. The company’s fifty day moving average price is $12.31 and its two-hundred day moving average price is $12.48. The company has a quick ratio of 0.56, a current ratio of 0.87 and a debt-to-equity ratio of 0.29.

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