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

Mazda Motor Corporation (OTCMKTS:MZDAY) gapped down before the market opened on Monday. The stock had previously closed at $3.59, but opened at $3.35. Mazda Motor shares last traded at $3.47, with a volume of 2,958 shares.

Analyst Upgrades and Downgrades

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

Mazda Motor Price Performance

The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 3.78 and a beta of 0.59. The stock’s fifty day moving average price is $3.52 and its two-hundred day moving average price is $3.55. The company has a current ratio of 1.47, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35.

Mazda Motor (OTCMKTS:MZDAY) last issued its earnings results on Monday, November 9th. The company reported $0.10 EPS for the quarter. The firm had revenue of $8.81 billion during the quarter. Mazda Motor had a net margin of 2.33% and a return on equity of 9.51%. Mazda Motor has set its FY 2027 guidance at 0.448-0.448 EPS. Equities research analysts expect that Mazda Motor Corporation will post 0.50 EPS for the current year.

About Mazda Motor

Mazda Motor Corporation is a Japanese automaker headquartered in Hiroshima. Founded in 1920 as Toyo Cork Kogyo, the company began producing vehicles in 1931, initially making three-wheeled trucks, before expanding into passenger cars and becoming known as Mazda. The company develops, manufactures, and sells passenger vehicles, engines, transmissions, and related parts. Its lineup includes cars and sport utility vehicles, as well as the MX-5 sports car. Mazda is also known for developing rotary-engine technology and for its focus on vehicle design and driving dynamics.