Mazda Motor (OTCMKTS:MZDAY) Hits New 52-Week High – What’s Next?

Mazda Motor Corporation (OTCMKTS:MZDAY) shares reached a new 52-week high on Monday . The company traded as high as $4.05 and last traded at $3.84, with a volume of 13913 shares traded. The stock had previously closed at $3.7750.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. UBS Group raised shares of Mazda Motor from a “strong sell” rating to a “hold” rating in a report on Friday, December 12th. Citigroup upgraded Mazda Motor from a “neutral” rating to a “buy” rating in a research report on Monday, September 8th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Mazda Motor presently has an average rating of “Hold”.

Mazda Motor Price Performance

The firm has a market cap of $4.83 billion, a P/E ratio of 23.96 and a beta of 0.51. The firm’s fifty day simple moving average is $3.61 and its 200 day simple moving average is $3.39. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.04 and a current ratio of 1.55.

Mazda Motor (OTCMKTS:MZDAY) last posted its earnings results on Friday, November 7th. The company reported $0.05 EPS for the quarter. Mazda Motor had a return on equity of 4.62% and a net margin of 0.63%.The company had revenue of $7.72 billion for the quarter. As a group, analysts forecast that Mazda Motor Corporation will post 0.66 earnings per share for the current year.

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.