BYD Electronic (International) (OTC:BYDIF) Stock Price Down 6.4% – What’s Next?

BYD Electronic (International) Company Limited (OTC:BYDIF)’s stock price was down 6.4% during mid-day trading on Friday . The company traded as low as C$4.10 and last traded at C$4.10. Approximately 4,970 shares changed hands during mid-day trading, an increase of 210% from the average daily volume of 1,605 shares. The stock had previously closed at C$4.38.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BYDIF shares. The Goldman Sachs Group cut BYD Electronic (International) from a “buy” rating to a “neutral” rating in a report on Monday. Citigroup restated a “buy” rating on shares of BYD Electronic (International) in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

BYD Electronic (International) Trading Down 6.4%

The business has a 50-day moving average of C$4.37 and a two-hundred day moving average of C$4.73.

BYD Electronic (International) Company Profile

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.