Yamaha (OTCMKTS:YAMCY) Shares Gap Up – Time to Buy?

Yamaha Co. (OTCMKTS:YAMCY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $6.97, but opened at $7.50. Yamaha shares last traded at $7.50, with a volume of 115 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Yamaha to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Yamaha has a consensus rating of “Hold”.

Yamaha Stock Performance

The stock has a market capitalization of $3.29 billion and a P/E ratio of 0.06. The company’s fifty day simple moving average is $7.20 and its 200 day simple moving average is $7.15.

About Yamaha

Yamaha Motor Co, Ltd., founded in 1955 as a spin-off from Yamaha Corporation, is a Japanese manufacturer specializing in a diverse range of mobility and power products. Headquartered in Iwata, Shizuoka Prefecture, the company initially gained recognition for its 125cc two-stroke motorcycle before expanding into marine engines and general-purpose power units. Over the decades, Yamaha Motor has built a reputation for engineering innovation, high-performance design and reliable manufacturing processes.

The company’s core product portfolio encompasses motorcycles, scooters and off-road vehicles, including ATVs, side-by-sides and snowmobiles.