Mazda Motor (OTCMKTS:MZDAY) Shares Down 4.5% - Time to Sell?

Key Points

• Mazda Motor Corporation shares fell 4.5% to $3.60, with trading volume down 86% from the average session.
• Citigroup upgraded Mazda’s rating from "neutral" to "buy", while overall consensus remains a "Hold".
• The company reported a loss of ($0.18) earnings per share for the last quarter, with a total revenue of $7.61 billion.

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report) traded down 4.5% on Monday . The company traded as low as $3.60 and last traded at $3.60. 19,731 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 138,315 shares. The stock had previously closed at $3.77.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Mazda Motor from a "neutral" rating to a "buy" rating in a research report on Monday, September 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Mazda Motor Trading Down 2.5%

The business's 50 day simple moving average is $3.39 and its two-hundred day simple moving average is $3.14. The stock has a market cap of $4.63 billion, a P/E ratio of 36.75 and a beta of 0.63. The company has a quick ratio of 1.02, a current ratio of 1.52 and a debt-to-equity ratio of 0.36.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported ($0.18) earnings per share for the quarter. The company had revenue of $7.61 billion for the quarter. Mazda Motor had a return on equity of 3.36% and a net margin of 0.39%. As a group, analysts expect that Mazda Motor Corporation will post 0.66 EPS 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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