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

Mazda Motor Co. (OTCMKTS:MZDAY - Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.15 and traded as low as $2.90. Mazda Motor shares last traded at $2.92, with a volume of 294,818 shares traded.

Wall Street Analyst Weigh In

MZDAY has been the topic of a number of analyst reports. Daiwa America upgraded Mazda Motor to a "hold" rating in a research note on Wednesday, April 2nd. Sanford C. Bernstein raised shares of Mazda Motor to a "strong sell" rating in a research note on Monday, April 14th.

Mazda Motor Stock Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.98 and a current ratio of 1.56. The stock's 50-day moving average price is $3.12 and its 200-day moving average price is $3.24. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 4.37 and a beta of 0.68.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last released its quarterly earnings results on Friday, February 14th. The company reported $0.30 EPS for the quarter, beating the consensus estimate 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 research analysts expect that Mazda Motor Co. will post 0.66 earnings per share for the current year.

About Mazda Motor

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.