Mazda Motor (OTCMKTS:MZDAY) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Mazda Motor Corporation (OTCMKTS:MZDAY)’s stock price crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $3.62 and traded as low as $3.30. Mazda Motor shares last traded at $3.38, with a volume of 17,595 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Mazda Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Three research analysts have rated the stock with a Hold rating. According to data from MarketBeat, Mazda Motor presently has a consensus rating of “Hold”.

Mazda Motor Price Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.47. The firm has a market capitalization of $4.33 billion, a P/E ratio of 6.35 and a beta of 0.59. The stock’s 50 day simple moving average is $3.61 and its 200 day simple moving average is $3.46.

Mazda Motor (OTCMKTS:MZDAY) last issued its earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter. Mazda Motor had a net margin of 2.06% and a return on equity of 9.13%. The business had revenue of $8.07 billion for the quarter. Mazda Motor has set its FY 2027 guidance at 0.460-0.460 EPS. As a group, analysts expect that Mazda Motor Corporation will post 0.50 earnings per share for the current fiscal year.

Mazda Motor Company Profile

Mazda Motor Corporation is a Japanese automobile manufacturer headquartered in Fuchu, Hiroshima Prefecture. Founded in 1920 as Toyo Cork Kogyo Co, the company initially produced cork products and later expanded into machinery and vehicles. It adopted the Mazda name for its automotive products in the 1930s and has since developed into a global vehicle manufacturer.

Mazda designs, develops, manufactures, and sells passenger cars, sport utility vehicles, and commercial vehicles. Its product range includes the Mazda2, Mazda3, Mazda6, CX-series SUVs, MX-5 sports car, and other models that incorporate the company’s Skyactiv technologies and Kodo design language.