Shares of BYD Electronic (International) Company Limited (OTCMKTS:BYDIF – Get Free Report) dropped 6.2% during mid-day trading on Wednesday . The company traded as low as C$3.25 and last traded at C$3.26. Approximately 10,258 shares were traded during trading, a decline of 33% from the average daily volume of 15,408 shares. The stock had previously closed at C$3.48.
Analyst Ratings Changes
Separately, The Goldman Sachs Group cut BYD Electronic (International) from a “neutral” rating to a “sell” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.
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BYD Electronic (International) Stock Down 6.2%
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.
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