Mazda Motor (OTCMKTS:MZDAY) Shares Gap Up – Here’s Why

Shares of Mazda Motor Corporation (OTCMKTS:MZDAY) gapped up before the market opened on Thursday . The stock had previously closed at $3.70, but opened at $3.9499. Mazda Motor shares last traded at $3.7750, with a volume of 19,465 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MZDAY shares. Citigroup upgraded shares of Mazda Motor from a “neutral” rating to a “buy” rating in a research note on Monday, September 8th. UBS Group upgraded Mazda Motor from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Mazda Motor Trading Up 0.9%

The stock has a market cap of $4.87 billion, a P/E ratio of 24.16 and a beta of 0.52. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.55 and a quick ratio of 1.04. The stock’s 50-day moving average is $3.58 and its two-hundred day moving average is $3.35.

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