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

Mazda Motor Corporation (OTCMKTS:MZDAY) gapped down prior to trading on Monday . The stock had previously closed at $2.87, but opened at $2.70. Mazda Motor shares last traded at $2.80, with a volume of 18,281 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Daiwa America upgraded Mazda Motor to a “hold” rating in a research note on Wednesday, April 2nd. Sanford C. Bernstein raised Mazda Motor to a “strong sell” rating in a report on Monday, April 14th.

Mazda Motor Price Performance

The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 4.84 and a beta of 0.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.48 and a quick ratio of 1.04. The stock’s 50 day simple moving average is $2.96 and its two-hundred day simple moving average is $3.16.

Mazda Motor (OTCMKTS:MZDAY) last released its quarterly earnings data on Monday, May 12th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. Mazda Motor had a net margin of 2.24% and a return on equity of 8.13%. The company had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $1,304.72 billion. On average, analysts forecast that Mazda Motor Corporation will post 0.66 earnings per share for the current fiscal year.

Mazda Motor Company Profile

Mazda Motor Corporation engages in the manufacture and sale of passenger cars and commercial vehicles in Japan, China, North America, Europe, and internationally. The company was formerly known as Toyo Kogyo Co, Ltd. and changed its name to Mazda Motor Corporation in May 1984. Mazda Motor Corporation was incorporated in 1920 and is headquartered in Hiroshima, Japan.