Mazda Motor (OTCMKTS:MZDAY) Shares Gap Down - Should You Sell?

Key Points

• Mazda Motor shares gapped down on Monday, opening at $3.60 after closing at $3.81 and last trading at $3.67 with a volume of 7,657 shares.
• Citigroup upgraded Mazda's rating from "neutral" to "buy," while the average analyst rating on the stock is currently "Hold."
• The company reported a net margin of 0.39% with a revenue of $7.61 billion during its last quarter, and has a market cap of $4.66 billion.

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $3.81, but opened at $3.60. Mazda Motor shares last traded at $3.67, with a volume of 7,657 shares traded.

Analysts Set New Price Targets

Separately, Citigroup raised Mazda Motor from a "neutral" rating to a "buy" rating in a research note on Monday, September 8th. One 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, Mazda Motor presently has an average rating of "Hold".

Mazda Motor Price Performance

The business has a 50 day moving average of $3.22 and a 200 day moving average of $3.11. The company has a market cap of $4.66 billion, a PE ratio of 36.93 and a beta of 0.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.52 and a quick ratio of 1.02.

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. The business 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%. As a group, research analysts predict that Mazda Motor Corporation will post 0.66 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.