Suzuki Motor (OTCMKTS:SZKMY) Sees Large Volume Increase – Here’s Why

Suzuki Motor (OTCMKTS:SZKMY) shares saw unusually-strong trading volume on Friday . Approximately 57,189 shares changed hands during mid-day trading, an increase of 8% from the previous session’s volume of 52,860 shares.The stock last traded at $55.9152 and had previously closed at $57.45.

Analysts Set New Price Targets

Separately, Zacks Research raised Suzuki Motor from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Suzuki Motor Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.22 and a current ratio of 1.59. The stock has a market capitalization of $28.45 billion, a price-to-earnings ratio of 10.65 and a beta of 0.58. The business’s 50 day simple moving average is $58.08 and its 200-day simple moving average is $51.62.

Suzuki Motor (OTCMKTS:SZKMY) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.28 earnings per share for the quarter. The company had revenue of $9.94 billion for the quarter. Suzuki Motor had a return on equity of 10.58% and a net margin of 6.71%. Research analysts anticipate that Suzuki Motor will post 5.11 earnings per share for the current year.

Suzuki Motor Company Profile

Suzuki Motor Corporation engages in the manufacturing and marketing of automobiles, motorcycles, and marine products in Japan, rest of Asia, Europe, North America, and internationally. It offers mini-vehicles, sub-compact vehicles, standard-sized vehicles, outboard motors, motorized wheelchairs, and electro senior vehicles.