Mazda Motor (OTCMKTS:MZDAY) Shares Cross Above 50 Day Moving Average - What's Next?

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.

Shares of Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report) 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.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Mazda Motor from a "neutral" rating to a "buy" rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold".

Mazda Motor Price Performance

The stock has a market capitalization of $4.80 billion, a PE ratio of 38.05 and a beta of 0.63. The company has a current ratio of 1.52, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The company's 50 day simple moving average is $3.21 and its 200 day simple moving average is $3.11.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported ($0.18) EPS for the quarter. The firm had revenue of $7.61 billion during the quarter. Mazda Motor had a return on equity of 3.36% and a net margin of 0.39%. On average, equities analysts anticipate 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.

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