Mazda Motor (OTCMKTS:MZDAY) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Mazda Motor Corporation (OTCMKTS:MZDAY) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.55 and traded as high as $3.6355. Mazda Motor shares last traded at $3.63, with a volume of 63,222 shares.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded Mazda Motor from a “neutral” rating to a “buy” rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Mazda Motor Stock Up 1.7%

The company has a current ratio of 1.52, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The firm has a market cap of $4.58 billion, a PE ratio of 22.69 and a beta of 0.58. The company’s 50 day moving average price is $3.55 and its two-hundred day moving average price is $3.28.

Mazda Motor (OTCMKTS:MZDAY) last announced its earnings results on Friday, November 7th. The company reported $0.05 EPS for the quarter. Mazda Motor had a return on equity of 4.61% and a net margin of 0.63%.The company had revenue of $7.72 billion for the quarter. On average, equities research analysts expect that Mazda Motor Corporation will post 0.66 EPS 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.