Mazda Motor (OTCMKTS:MZDAY) Shares Break Above 200-Day Moving Average – Here’s What Happened

Mazda Motor Corporation (OTCMKTS:MZDAY) shares passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $3.56 and traded as high as $3.66. Mazda Motor shares last traded at $3.59, with a volume of 69,503 shares trading hands.

Analyst Upgrades and Downgrades

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

Mazda Motor Trading Up 3.7%

The stock has a market cap of $4.53 billion, a PE ratio of 6.65 and a beta of 0.59. The firm has a 50-day simple moving average of $3.53 and a 200-day simple moving average of $3.56. 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 posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter. The firm had revenue of $8.07 billion during the quarter. Mazda Motor had a return on equity of 9.13% and a net margin of 2.06%. Equities analysts forecast 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.