Suzuki Motor (OTCMKTS:SZKMY) Shares Gap Up – Here’s What Happened

Shares of Suzuki Motor (OTCMKTS:SZKMY) gapped up prior to trading on Monday. The stock had previously closed at $55.54, but opened at $60.44. Suzuki Motor shares last traded at $58.4550, with a volume of 68,577 shares traded.

Analysts Set New Price Targets

SZKMY has been the topic of a number of recent analyst reports. Citigroup raised Suzuki Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Zacks Research raised Suzuki Motor from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Suzuki Motor Stock Up 2.9%

The company has a current ratio of 1.81, a quick ratio of 1.36 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average is $52.38 and its 200-day moving average is $50.92. The company has a market cap of $28.39 billion, a price-to-earnings ratio of 8.46 and a beta of 0.59.

About Suzuki Motor

Suzuki Motor Corporation is a Japanese manufacturer of automobiles, motorcycles and other mobility products. Founded in 1909 by Michio Suzuki as Suzuki Loom Works, the company began as a maker of weaving looms before expanding into motorized products and automobiles.

Its products include compact cars and other passenger vehicles, motorcycles and outboard motors. Suzuki also develops select power products and mobility equipment, serving consumers and businesses in Japan and markets around the world.

Suzuki has a significant presence in India through its automotive operations there, as well as in other markets across Asia, Europe and beyond.