Mazda Motor (OTCMKTS:MZDAY) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened
by Doug Wharley · The Cerbat GemMazda Motor Corporation (OTCMKTS:MZDAY – Get Free Report)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $3.48 and traded as high as $3.6650. Mazda Motor shares last traded at $3.6570, with a volume of 27,331 shares trading hands.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on MZDAY. Zacks Research raised Mazda Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, August 3rd. Nomura raised Mazda Motor to a “hold” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Mazda Motor presently has a consensus rating of “Moderate Buy”.
View Our Latest Research Report on Mazda Motor
Mazda Motor Price Performance
The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 6.68 and a beta of 0.54. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $3.48 and its 200 day moving average is $3.55.
Mazda Motor (OTCMKTS:MZDAY – Get Free Report) last issued its quarterly earnings data 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. Research analysts anticipate that Mazda Motor Corporation will post 0.46 EPS for the current fiscal year.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Mazda Motor stock. Kirtland Hills Capital Management LLC acquired a new stake in Mazda Motor Corporation (OTCMKTS:MZDAY – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,765 shares of the company’s stock, valued at approximately $400,000.
About Mazda Motor
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.