Suzuki Motor (OTCMKTS:SZKMY) Sees Unusually-High Trading Volume – Here’s Why

Suzuki Motor (OTCMKTS:SZKMY) shares saw strong trading volume on Wednesday. 130,879 shares were traded during mid-day trading, an increase of 71% from the average daily volume of 76,395 shares. The stock last traded at $53.9850 and had previously closed at $53.47.

Wall Street Analyst Weigh In

Several research firms have weighed in on SZKMY. Citigroup raised shares of Suzuki Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Zacks Research upgraded Suzuki Motor from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Suzuki Motor Stock Up 2.9%

The firm has a market cap of $27.55 billion, a P/E ratio of 8.21 and a beta of 0.59. The stock’s 50 day simple moving average is $52.30 and its 200 day simple moving average is $50.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.36 and a current ratio of 1.81.

Suzuki Motor (OTCMKTS:SZKMY) last released its quarterly earnings data on Wednesday, August 5th. The company reported $2.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.78. The firm had revenue of $10.82 billion for the quarter, compared to analyst estimates of $9.96 billion. Suzuki Motor had a net margin of 7.85% and a return on equity of 12.49%. Research analysts anticipate that Suzuki Motor will post 7.23 EPS for the current year.

Suzuki Motor Company Profile

Suzuki Motor Corporation is a Japan-based manufacturer of automobiles, motorcycles and marine products. Its automotive lineup includes compact cars, kei cars, sport utility vehicles and commercial vehicles, while its motorcycle business offers products ranging from small-displacement commuter models to larger performance motorcycles. The company also produces outboard marine engines and related equipment.

Founded in 1909 by Michio Suzuki as a loom-manufacturing business, Suzuki entered the automotive industry after World War II and developed a strong position in small, affordable vehicles.