Mazda Motor (OTCMKTS:MZDAY) Shares Gap Down – What’s Next?

Shares of Mazda Motor Corporation (OTCMKTS:MZDAY) gapped down prior to trading on Wednesday . The stock had previously closed at $3.97, but opened at $3.76. Mazda Motor shares last traded at $3.76, with a volume of 309 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MZDAY shares. UBS Group upgraded shares of Mazda Motor from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. Citigroup raised Mazda Motor from a “neutral” rating to a “buy” rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Mazda Motor Trading Down 0.2%

The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 24.13 and a beta of 0.52. 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 business’s 50 day simple moving average is $3.61 and its 200 day simple moving average is $3.38.

Mazda Motor (OTCMKTS:MZDAY) last released its quarterly earnings data on Friday, November 7th. The company reported $0.05 earnings per share for the quarter. Mazda Motor had a net margin of 0.63% and a return on equity of 4.62%. The company had revenue of $7.72 billion for the quarter. On average, research analysts expect that Mazda Motor Corporation will post 0.66 EPS for the current fiscal year.

About Mazda Motor

Mazda Motor Corporation is a Japan‐based automaker best known for its range of passenger cars, sport utility vehicles, and light commercial vehicles. With a reputation for engineering innovation, Mazda produces models such as the Mazda3 compact car, the Mazda6 sedan, the popular MX-5 Miata roadster, and the CX-series SUVs. The company emphasizes driving dynamics, fuel efficiency and distinctive design in its product lineup, leveraging its proprietary SKYACTIV technology to improve engine performance, chassis rigidity and transmission efficiency.

Founded in 1920 in Hiroshima under the name Toyo Cork Kogyo Co, Ltd., Mazda has evolved from a producer of machine tools into a global automotive manufacturer.