Suzuki Motor (OTCMKTS:SZKMY) Announces Quarterly Earnings Results

Suzuki Motor (OTCMKTS:SZKMY) announced its quarterly earnings data on Thursday. The company reported $1.53 earnings per share for the quarter, Zacks reports. Suzuki Motor had a net margin of 6.71% and a return on equity of 10.44%.

Suzuki Motor Stock Up 0.9%

Shares of OTCMKTS SZKMY traded up $0.52 during mid-day trading on Thursday, reaching $56.67. 49,284 shares of the company’s stock were exchanged, compared to its average volume of 41,427. Suzuki Motor has a twelve month low of $39.54 and a twelve month high of $64.94. 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 market capitalization of $27.83 billion, a price-to-earnings ratio of 10.42 and a beta of 0.46. The business has a fifty day simple moving average of $58.99 and a 200 day simple moving average of $56.59.

Analysts Set New Price Targets

Separately, Zacks Research raised Suzuki Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

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.