BYD (OTCMKTS:BYDDY) Shares Up 1.7% – Still a Buy?

Byd Co., Ltd. (OTCMKTS:BYDDYGet Free Report)’s stock price shot up 1.7% during mid-day trading on Monday . The stock traded as high as $12.77 and last traded at $12.62. 1,871,011 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 1,890,026 shares. The stock had previously closed at $12.41.

Analysts Set New Price Targets

Separately, Piper Sandler initiated coverage on BYD in a research report on Tuesday, November 11th. They set a “neutral” rating for the company. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Check Out Our Latest Report on BYD

BYD Stock Performance

The firm has a 50 day moving average of $12.32 and a 200-day moving average of $13.04.

BYD Company Profile

(Get Free Report)

BYD Co Ltd. (OTCMKTS: BYDDY) is a diversified Chinese industrial and technology company founded in 1995 and headquartered in Shenzhen, Guangdong. Originally established as a manufacturer of rechargeable batteries, BYD has expanded into a broad portfolio of businesses focused on electrification, energy and electronics. The company operates through a number of business units and subsidiaries, including BYD Auto and BYD Electronics, and is led by founder and chairman Wang Chuanfu.

The company’s primary activities center on new-energy vehicles and battery technologies.

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