Mazda Motor (OTCMKTS:MZDAY) Sees Large Volume Increase – Still a Buy?

Shares of Mazda Motor Corporation (OTCMKTS:MZDAY) saw unusually-strong trading volume on Wednesday. 79,483 shares were traded during trading, an increase of 91% from the average daily volume of 41,692 shares. The stock last traded at $3.4347 and had previously closed at $3.42.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Mazda Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Three analysts have rated the stock with a Hold rating. According to MarketBeat, Mazda Motor has an average rating of “Hold”.

Mazda Motor Price Performance

The stock has a 50 day moving average price of $3.54 and a two-hundred day moving average price of $3.56. The firm has a market cap of $4.39 billion, a PE ratio of 6.44 and a beta of 0.59. The company has a quick ratio of 1.01, a current ratio of 1.47 and a debt-to-equity ratio of 0.35.

Mazda Motor (OTCMKTS:MZDAY) last issued its earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter. The firm had revenue of $8.07 billion for the quarter. Mazda Motor had a return on equity of 9.13% and a net margin of 2.06%. As a group, equities analysts expect that Mazda Motor Corporation will post 0.50 earnings per share for the current year.

Mazda Motor Company Profile

Mazda Motor Corporation is a Japanese automobile manufacturer headquartered in Fuchu, Hiroshima, Japan. The company develops, manufactures and sells passenger vehicles, sport utility vehicles, crossovers and related automotive products under the Mazda brand.

Mazda’s vehicle lineup is known for emphasizing driving dynamics, design and fuel efficiency. Its engineering portfolio includes the SKYACTIV range of engines, transmissions, vehicle platforms and other technologies, as well as battery-electric and hybrid vehicle offerings.