Suzuki Motor (OTCMKTS:SZKMY) Shares Gap Down – Should You Sell?

Suzuki Motor (OTCMKTS:SZKMY) gapped down prior to trading on Wednesday . The stock had previously closed at $59.62, but opened at $57.28. Suzuki Motor shares last traded at $59.6180, with a volume of 15,839 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Suzuki Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Suzuki Motor Stock Up 0.1%

The company has a current ratio of 1.60, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average price of $59.77 and a 200-day moving average price of $54.18. The firm has a market cap of $29.32 billion, a price-to-earnings ratio of 10.97 and a beta of 0.43.

Suzuki Motor (OTCMKTS:SZKMY) last posted its earnings results on Thursday, November 6th. The company reported $1.28 earnings per share for the quarter. The firm had revenue of $9.94 billion during the quarter. Suzuki Motor had a net margin of 6.71% and a return on equity of 10.44%. On average, equities analysts forecast that Suzuki Motor will post 5.11 EPS for the current year.

About Suzuki Motor

Suzuki Motor Corporation traces its roots to 1909 when Michio Suzuki founded Suzuki Loom Works; the company later entered motor vehicle production and was reorganized as an independent motor company in the mid-20th century. Headquartered in Hamamatsu, Japan, Suzuki has grown into a multinational manufacturer known for producing compact, fuel-efficient vehicles and a broad range of two- and four-wheeled products. The company has a long history in small-car and motorcycle design and has adapted its product portfolio over decades to serve both personal and light commercial transport markets.

Suzuki’s primary business activities include the design, manufacture and sale of automobiles, motorcycles, all-terrain vehicles (ATVs), and outboard motors, along with related parts and accessories.