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

Shares of Mazda Motor Corporation (OTCMKTS:MZDAY) gapped down before the market opened on Wednesday . The stock had previously closed at $3.64, but opened at $3.5050. Mazda Motor shares last traded at $3.52, with a volume of 7,245 shares traded.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Mazda Motor from a “neutral” rating to a “buy” rating in a research note on Monday, September 8th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Mazda Motor presently has a consensus rating of “Hold”.

Mazda Motor Trading Up 1.7%

The company’s fifty day simple moving average is $3.60 and its 200-day simple moving average is $3.25. The firm has a market capitalization of $4.51 billion, a PE ratio of 22.38 and a beta of 0.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.52 and a quick ratio of 1.02.

Mazda Motor (OTCMKTS:MZDAY) last released its quarterly earnings results on Friday, November 7th. The company reported $0.05 earnings per share for the quarter. Mazda Motor had a net margin of 0.63% and a return on equity of 4.61%. The firm had revenue of $7.72 billion during the quarter. As a group, sell-side analysts expect that Mazda Motor Corporation will post 0.66 earnings per share for the current fiscal year.

About Mazda Motor

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.