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

BYD Company Limited (OTCMKTS:BYDDF) hit a new 52-week low on Wednesday. The stock traded as low as $9.00 and last traded at $9.37, with a volume of 127,321 shares. The stock had previously closed at $9.41.

Wall Street Analysts Forecast Growth

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

BYD Stock Performance

The company has a 50 day simple moving average of $10.65 and a two-hundred day simple moving average of $11.48.

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

About BYD

BYD Company Limited is a Chinese technology and manufacturing company headquartered in Shenzhen, China. Founded in 1995 by Wang Chuanfu, the company initially focused on rechargeable batteries before expanding into automobiles and other technology-related businesses.

BYD’s principal business is the development and manufacture of new-energy vehicles, including battery-electric and plug-in hybrid passenger cars, buses, trucks and other commercial vehicles. The company also produces electric vehicle powertrain systems, batteries and energy-storage products, including its Blade Battery technology.

Beyond automobiles, BYD operates businesses in consumer electronics manufacturing and rail transit.