Mazda Motor (OTCMKTS:MZDAY) Hits New 52-Week High on Analyst Upgrade

Mazda Motor Corporation (OTCMKTS:MZDAY)’s share price reached a new 52-week high during mid-day trading on Monday after UBS Group upgraded the stock from a strong sell rating to a hold rating. The company traded as high as $4.04 and last traded at $3.87, with a volume of 12034 shares trading hands. The stock had previously closed at $3.78.

Separately, Citigroup raised Mazda Motor from a “neutral” rating to a “buy” rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Mazda Motor Stock Performance

The stock has a 50 day moving average of $3.55 and a 200 day moving average of $3.34. The company has a quick ratio of 1.04, a current ratio of 1.55 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 24.15 and a beta of 0.51.

Mazda Motor (OTCMKTS:MZDAY) last announced its earnings results on Friday, November 7th. The company reported $0.05 EPS for the quarter. The company had revenue of $7.72 billion for the quarter. Mazda Motor had a return on equity of 4.62% and a net margin of 0.63%. As a group, analysts predict that Mazda Motor Corporation will post 0.66 EPS for the current year.

About Mazda Motor

Mazda Motor Corporation engages in the manufacture and sale of passenger cars and commercial vehicles in Japan, China, North America, Europe, and internationally. The company was formerly known as Toyo Kogyo Co, Ltd. and changed its name to Mazda Motor Corporation in May 1984. Mazda Motor Corporation was incorporated in 1920 and is headquartered in Hiroshima, Japan.