Honda Motor (NYSE:HMC) Hits New 52-Week Low – Here’s What Happened

Honda Motor Co., Ltd. (NYSE:HMC)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $25.58 and last traded at $25.83, with a volume of 766343 shares trading hands. The stock had previously closed at $26.59.

Analyst Ratings Changes

Separately, StockNews.com lowered Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd.

Honda Motor Stock Down 2.7 %

The stock has a market capitalization of $44.24 billion, a price-to-earnings ratio of 6.39, a price-to-earnings-growth ratio of 2.69 and a beta of 0.67. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average of $31.06 and a two-hundred day moving average of $31.88.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.43). Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. The business had revenue of $36.24 billion for the quarter, compared to analyst estimates of $35.60 billion. As a group, sell-side analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Honda Motor by 52.5% during the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company’s stock valued at $43,021,000 after acquiring an additional 466,842 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Honda Motor during the 2nd quarter valued at about $8,635,000. Fisher Asset Management LLC increased its holdings in shares of Honda Motor by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock valued at $328,273,000 after acquiring an additional 227,890 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Honda Motor by 1,906.3% during the 3rd quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock valued at $6,105,000 after acquiring an additional 184,057 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Honda Motor during the 2nd quarter valued at about $5,396,000. 5.32% of the stock is owned by institutional investors and hedge funds.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.