Mazda Motor (OTCMKTS:MZDAY) Stock Passes Above 50-Day Moving Average – Here’s Why

Mazda Motor Corporation (OTCMKTS:MZDAY)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.42 and traded as high as $3.52. Mazda Motor shares last traded at $3.5190, with a volume of 18,611 shares changing hands.

Analyst Ratings Changes

Separately, Nomura upgraded shares of Mazda Motor to a “hold” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Mazda Motor Stock Down 1.3%

The company has a debt-to-equity ratio of 0.39, a current ratio of 1.52 and a quick ratio of 1.09. The business has a 50 day moving average of $3.42 and a 200 day moving average of $3.59. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 22.00 and a beta of 0.55.

Mazda Motor (OTCMKTS:MZDAY) last posted its earnings results on Tuesday, May 12th. The company reported $0.42 earnings per share for the quarter. The business had revenue of $9.03 billion for the quarter. Mazda Motor had a net margin of 0.62% and a return on equity of 5.58%. Mazda Motor has set its FY 2027 guidance at 0.460-0.460 EPS. On average, equities analysts anticipate that Mazda Motor Corporation will post 0.46 EPS for the current year.

Mazda Motor Company Profile

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.