Mazda Motor (OTCMKTS:MZDAY) Shares Gap Down - Here's What Happened

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.

Shares of Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report) gapped down before the market opened 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.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded 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 assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Mazda Motor Stock Up 0.3%

The company has a market cap of $4.64 billion, a price-to-earnings ratio of 36.80 and a beta of 0.63. The business has a fifty day moving average of $3.31 and a two-hundred day moving average of $3.13. The company has a current ratio of 1.52, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last posted its quarterly earnings data 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 net margin of 0.39% and a return on equity of 3.36%. As a group, equities analysts anticipate that Mazda Motor Corporation will post 0.66 EPS for the current fiscal 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.