Yamaha (OTCMKTS:YAMCY) Shares Gap Up – Should You Buy?

Yamaha Co. (OTCMKTS:YAMCY) shares gapped up before the market opened on Thursday . The stock had previously closed at $6.60, but opened at $7.00. Yamaha shares last traded at $7.00, with a volume of 320 shares.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Yamaha to a “hold” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Yamaha has a consensus rating of “Hold”.

Yamaha Stock Performance

The business’s 50-day moving average is $7.21 and its 200-day moving average is $7.17. The firm has a market cap of $3.24 billion and a price-to-earnings ratio of 0.06.

About Yamaha

Yamaha Motor Co, Ltd., founded in 1955 as a spin-off from Yamaha Corporation, is a Japanese manufacturer specializing in a diverse range of mobility and power products. Headquartered in Iwata, Shizuoka Prefecture, the company initially gained recognition for its 125cc two-stroke motorcycle before expanding into marine engines and general-purpose power units. Over the decades, Yamaha Motor has built a reputation for engineering innovation, high-performance design and reliable manufacturing processes.

The company’s core product portfolio encompasses motorcycles, scooters and off-road vehicles, including ATVs, side-by-sides and snowmobiles.