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

Mazda Motor Corporation (OTCMKTS:MZDAY) shares gapped down prior to trading on Thursday . The stock had previously closed at $3.8650, but opened at $3.74. Mazda Motor shares last traded at $3.8650, with a volume of 113,221 shares traded.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Mazda Motor from a “strong sell” rating to a “hold” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Mazda Motor Price Performance

The firm’s fifty day simple moving average is $3.76 and its 200-day simple moving average is $3.52. The firm has a market capitalization of $4.74 billion, a PE ratio of 23.50 and a beta of 0.48. The company has a quick ratio of 1.04, a current ratio of 1.55 and a debt-to-equity ratio of 0.40.

Mazda Motor (OTCMKTS:MZDAY) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.05 earnings per share for the quarter. The company had revenue of $7.72 billion during the quarter. Mazda Motor had a net margin of 0.63% and a return on equity of 4.62%. On average, research analysts forecast that Mazda Motor Corporation will post 0.66 earnings per share for the current fiscal year.

About Mazda Motor

Mazda Motor Corporation is a Japan?based automaker best known for its range of passenger cars, sport utility vehicles, and light commercial vehicles. With a reputation for engineering innovation, Mazda produces models such as the Mazda3 compact car, the Mazda6 sedan, the popular MX-5 Miata roadster, and the CX-series SUVs. The company emphasizes driving dynamics, fuel efficiency and distinctive design in its product lineup, leveraging its proprietary SKYACTIV technology to improve engine performance, chassis rigidity and transmission efficiency.

Founded in 1920 in Hiroshima under the name Toyo Cork Kogyo Co, Ltd., Mazda has evolved from a producer of machine tools into a global automotive manufacturer.