Mazda Motor (OTCMKTS:MZDAY) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Mazda Motor Corporation (OTCMKTS:MZDAY)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.82 and traded as high as $4.0525. Mazda Motor shares last traded at $4.05, with a volume of 33,875 shares trading hands.

Analysts Set New Price Targets

Separately, UBS Group raised shares of Mazda Motor from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. One 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. Based on data from MarketBeat.com, Mazda Motor presently has a consensus rating of “Hold”.

Mazda Motor Trading Up 3.5%

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.04 and a current ratio of 1.55. The stock has a market capitalization of $5.11 billion, a PE ratio of 25.31 and a beta of 0.50. The stock has a 50-day moving average price of $3.82 and a two-hundred day moving average price of $3.59.

Mazda Motor (OTCMKTS:MZDAY) last released its earnings results on Friday, November 7th. The company reported $0.05 earnings per share (EPS) 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 during the quarter. As a group, equities analysts forecast that Mazda Motor Corporation will post 0.66 earnings per share for the current year.

Mazda Motor Company Profile

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.