Mazda Motor (OTCMKTS:MZDAY) Shares Gap Up – Here’s Why

Shares of Mazda Motor Corporation (OTCMKTS:MZDAY) gapped up before the market opened on Tuesday. The stock had previously closed at $3.37, but opened at $3.63. Mazda Motor shares last traded at $3.47, with a volume of 1,084 shares trading hands.

Wall Street Analyst Weigh In

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

Mazda Motor Stock 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 3.94 and a beta of 0.59. The firm has a 50 day moving average price of $3.61 and a two-hundred day moving average price of $3.46.

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

About Mazda Motor

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.