Suzuki Motor (OTCMKTS:SZKMY) Shares Gap Down – Here’s What Happened

Suzuki Motor (OTCMKTS:SZKMY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $57.33, but opened at $55.75. Suzuki Motor shares last traded at $57.9985, with a volume of 31,468 shares trading hands.

Analysts Set New Price Targets

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

Suzuki Motor Trading Up 1.8%

The stock has a market capitalization of $28.66 billion, a P/E ratio of 10.73 and a beta of 0.47. The stock’s 50 day moving average price is $59.89 and its 200-day moving average price is $55.84. The company has a quick ratio of 1.21, a current ratio of 1.60 and a debt-to-equity ratio of 0.11.

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

Suzuki Motor Company Profile

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.