Mazda Motor (OTCMKTS:MZDAY) Stock Passes Above 50-Day Moving Average - Here's Why

Key Points

• Mazda Motor shares crossed above their fifty-day moving average of $3.21, reaching a high of $3.84 during trading, and currently last traded at $3.81.
• Citigroup upgraded Mazda Motor's rating from "neutral" to "buy," contributing to the stock's positive momentum, which now has a mix of analyst ratings but a consensus rating of "Hold."
• Mazda reported a quarterly loss of ($0.18) EPS with revenues of $7.61 billion, and analysts project it will achieve 0.66 EPS for the current year.

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report)'s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.21 and traded as high as $3.84. Mazda Motor shares last traded at $3.81, with a volume of 31,430 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised Mazda Motor from a "neutral" rating to a "buy" rating in a report on Monday, September 8th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Mazda Motor Stock Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.52 and a quick ratio of 1.02. The stock has a 50-day simple moving average of $3.26 and a 200-day simple moving average of $3.12. The stock has a market cap of $4.69 billion, a P/E ratio of 37.20 and a beta of 0.63.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.18) EPS for the quarter. Mazda Motor had a net margin of 0.39% and a return on equity of 3.36%. The firm had revenue of $7.61 billion for the quarter. Research analysts forecast that Mazda Motor Corporation 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.