Suzuki Motor (OTCMKTS:SZKMY) Sees Strong Trading Volume – Time to Buy?

Suzuki Motor (OTCMKTS:SZKMY) saw unusually-strong trading volume on Wednesday. Approximately 130,879 shares traded hands during mid-day trading, an increase of 71% from the average daily volume of 76,395 shares. The stock last traded at $53.9850 and had previously closed at $53.47.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SZKMY shares. Zacks Research upgraded shares of Suzuki Motor from a “strong sell” rating to a “hold” rating in a report on Thursday, August 20th. Citigroup upgraded shares of Suzuki Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Suzuki Motor currently has a consensus rating of “Buy”.

Suzuki Motor Stock Performance

The company’s 50 day simple moving average is $52.24 and its 200 day simple moving average is $50.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.36 and a current ratio of 1.81. The stock has a market cap of $26.10 billion, a PE ratio of 7.77 and a beta of 0.59.

Suzuki Motor (OTCMKTS:SZKMY) last announced its earnings results on Wednesday, August 5th. The company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.78. The business had revenue of $10.82 billion during the quarter, compared to analyst estimates of $9.96 billion. Suzuki Motor had a net margin of 7.85% and a return on equity of 12.49%. Analysts expect that Suzuki Motor will post 7.23 earnings per share for the current year.

Suzuki Motor Company Profile

Suzuki Motor Corporation is a Japan-based manufacturer of automobiles, motorcycles and marine products. Its automotive lineup includes compact cars, kei cars, sport utility vehicles and commercial vehicles, while its motorcycle business offers products ranging from small-displacement commuter models to larger performance motorcycles. The company also produces outboard marine engines and related equipment.

Founded in 1909 by Michio Suzuki as a loom-manufacturing business, Suzuki entered the automotive industry after World War II and developed a strong position in small, affordable vehicles.