BYD (OTCMKTS:BYDDY) Shares Gap Down – Here’s What Happened

Byd Co., Ltd. (OTCMKTS:BYDDY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $14.40, but opened at $14.10. BYD shares last traded at $14.02, with a volume of 350,151 shares changing hands.

Analyst Upgrades and Downgrades

BYDDY has been the subject of several recent research reports. Jefferies Financial Group lowered shares of BYD from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Erste Group Bank downgraded shares of BYD from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, BYD presently has an average rating of “Hold”.

BYD Price Performance

The firm’s fifty day moving average price is $17.46 and its 200 day moving average price is $70.85. The firm has a market capitalization of $124.18 billion, a PE ratio of 19.53, a P/E/G ratio of 3.14 and a beta of 0.21. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.06.

About BYD

BYD Company Limited, together with its subsidiaries, engages in automobiles and batteries business in the People’s Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company operates in two segments: Mobile Handset Components, Assembly Service and Other Products; and Automobiles and Related Products and Other Products.