Mazda Motor (OTCMKTS:MZDAY) Shares Pass Below Fifty Day Moving Average - What's Next?

Mazda Motor Co. (OTCMKTS:MZDAY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.19 and traded as low as $2.88. Mazda Motor shares last traded at $2.90, with a volume of 642,023 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MZDAY shares. Sanford C. Bernstein upgraded shares of Mazda Motor to a "strong sell" rating in a research note on Monday, April 14th. Daiwa America upgraded shares of Mazda Motor to a "hold" rating in a research note on Wednesday, April 2nd.

Mazda Motor Stock Up 0.4 %

The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 4.39 and a beta of 0.63. The business's 50-day moving average is $3.16 and its 200-day moving average is $3.26. The company has a quick ratio of 0.98, a current ratio of 1.56 and a debt-to-equity ratio of 0.30.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last posted its earnings results on Friday, February 14th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.02. Mazda Motor had a net margin of 2.66% and a return on equity of 8.67%. As a group, equities analysts predict that Mazda Motor Co. will post 0.66 earnings per share for the current year.

Mazda Motor Company Profile

Mazda Motor Corporation engages in the manufacture and sale of passenger cars and commercial vehicles in Japan, China, North America, Europe, and internationally. The company was formerly known as Toyo Kogyo Co, Ltd. and changed its name to Mazda Motor Corporation in May 1984. Mazda Motor Corporation was incorporated in 1920 and is headquartered in Hiroshima, Japan.