Mazda Motor (OTCMKTS:MZDAY) Shares Gap Up – Still a Buy?

Mazda Motor Corporation (OTCMKTS:MZDAY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $3.53, but opened at $3.69. Mazda Motor shares last traded at $3.7130, with a volume of 4,414 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research cut Mazda Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Mazda Motor currently has a consensus rating of “Hold”.

Mazda Motor Stock Performance

The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 6.84 and a beta of 0.56. The company has a quick ratio of 1.09, a current ratio of 1.52 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average price of $3.59 and a 200 day moving average price of $3.50.

Mazda Motor (OTCMKTS:MZDAY) last released its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $8.07 billion for the quarter. Mazda Motor had a net margin of 2.06% and a return on equity of 9.13%. Mazda Motor has set its FY 2027 guidance at 0.460-0.460 EPS. On average, analysts forecast that Mazda Motor Corporation will post 0.5 EPS for the current year.

About Mazda Motor

Mazda Motor Corporation is a Japanese automobile manufacturer headquartered in Fuchu, Hiroshima Prefecture. The company designs, develops, manufactures and sells passenger vehicles, sport utility vehicles and related automotive products under the Mazda brand.

Mazda’s vehicle lineup includes compact cars, sedans, crossovers and SUVs, as well as selected commercial vehicles in certain markets. The company is known for its driver-focused vehicle designs and for developing technologies such as SKYACTIV engines, transmissions and vehicle platforms.