Suzuki Motor (OTCMKTS:SZKMY) Shares Gap Down – What’s Next?

Suzuki Motor (OTCMKTS:SZKMY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $60.34, but opened at $56.95. Suzuki Motor shares last traded at $59.7050, with a volume of 1,534 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Suzuki Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Suzuki Motor currently has an average rating of “Buy”.

Suzuki Motor Stock Down 1.7%

The stock has a market capitalization of $29.14 billion, a P/E ratio of 10.91 and a beta of 0.47. The stock has a 50 day moving average price of $59.67 and a 200-day moving average price of $55.33. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.60 and a quick ratio of 1.21.

Suzuki Motor (OTCMKTS:SZKMY) last released its earnings results on Thursday, November 6th. The company reported $1.28 earnings per share for the quarter. Suzuki Motor had a return on equity of 10.44% and a net margin of 6.71%.The company had revenue of $9.94 billion during the quarter. As a group, research analysts expect that Suzuki Motor will post 5.11 EPS for the current fiscal year.

About Suzuki Motor

Suzuki Motor Corporation traces its roots to 1909 when Michio Suzuki founded Suzuki Loom Works; the company later entered motor vehicle production and was reorganized as an independent motor company in the mid-20th century. Headquartered in Hamamatsu, Japan, Suzuki has grown into a multinational manufacturer known for producing compact, fuel-efficient vehicles and a broad range of two- and four-wheeled products. The company has a long history in small-car and motorcycle design and has adapted its product portfolio over decades to serve both personal and light commercial transport markets.

Suzuki’s primary business activities include the design, manufacture and sale of automobiles, motorcycles, all-terrain vehicles (ATVs), and outboard motors, along with related parts and accessories.