BYD (OTCMKTS:BYDDF) Hits New 52-Week Low – Should You Sell?

BYD Company Limited (OTCMKTS:BYDDF) reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $9.00 and last traded at $9.1125, with a volume of 18,263 shares. The stock had previously closed at $9.29.

Analyst Ratings Changes

Separately, UBS Group set a $20.00 price target on shares of BYD in a research report on Friday, September 11th.

BYD Stock Down 3.2%

The company has a 50-day moving average price of $10.42 and a two-hundred day moving average price of $11.34. The stock has a market capitalization of $79.34 billion, a P/E ratio of 20.19 and a beta of 0.07.

BYD (OTCMKTS:BYDDF) last released its quarterly earnings results on Friday, August 28th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $24.10 billion for the quarter, compared to analysts’ expectations of $25.62 billion.

About BYD

BYD Co, Ltd. is a China-based technology and manufacturing company founded in 1995 and headquartered in Shenzhen. The company is best known for developing and producing electric and plug-in hybrid vehicles, including passenger cars, buses, trucks and other commercial vehicles under the BYD brand.

BYD also manufactures batteries and related energy-storage products, including batteries used in vehicles, renewable-energy systems and other applications. Its broader business activities include solar-power equipment, energy-storage solutions, rail transit systems and electronic components and assembly services for consumer and industrial products.

The company serves customers in China and international markets across Asia, Europe, North America, South America and other regions.