Suzuki Motor (OTCMKTS:SZKMY) Shares Gap Down – Time to Sell?
by Mitch Edgeman · The Markets DailySuzuki Motor (OTCMKTS:SZKMY – Get Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $56.40, but opened at $54.3450. Suzuki Motor shares last traded at $55.2925, with a volume of 654 shares.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded shares of Suzuki Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.
Get Our Latest Research Report on SZKMY
Suzuki Motor Stock Up 1.7%
The business’s fifty day moving average is $59.51 and its two-hundred day moving average is $56.21. The stock has a market cap of $26.71 billion, a price-to-earnings ratio of 10.00 and a beta of 0.47. 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 – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.28 EPS for the quarter. Suzuki Motor had a net margin of 6.71% and a return on equity of 10.44%. The company had revenue of $9.94 billion during the quarter. Equities analysts forecast that Suzuki Motor will post 5.11 earnings per share for the current fiscal year.
About Suzuki Motor
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.