News Snapshot:
lowered shares of Ping An Insurance (Group) Company of China (OTCMKTS:BYDDY) from a buy rating to a hold rating in a research note released on Friday morning, Zacks.com reports. According to Zacks, “BYD Company Limited is principally engaged in the research, development, manufacture and distribution of automobiles, secondary rechargeable batteries and mobile phone components. It’s Automobiles and Related Products segment manufactures and sells automobiles, and auto-related moulds and components. The Company researches, develops, manufactures and sells batteries, which are applied on mobile phones, cordless phones, power tools and other kinds of portable electronic devices. Its rechargeable battery business provides lithium-ion...
