Mazda Motor (OTCMKTS:MZDAY) Shares Gap Down - What's Next?

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $2.87, but opened at $2.70. Mazda Motor shares last traded at $2.80, with a volume of 18,281 shares changing hands.

Wall Street Analysts Forecast Growth

MZDAY has been the subject of several research reports. Daiwa America upgraded Mazda Motor to a "hold" rating in a report on Wednesday, April 2nd. Sanford C. Bernstein raised shares of Mazda Motor to a "strong sell" rating in a research report on Monday, April 14th.

Mazda Motor Stock Down 2.1%

The firm has a market cap of $3.54 billion, a P/E ratio of 4.84 and a beta of 0.65. The business's fifty day moving average price is $2.96 and its two-hundred day moving average price is $3.16. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.32.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.08. The company had revenue of $8.72 billion during the quarter, compared to analysts' expectations of $1,304.72 billion. Mazda Motor had a return on equity of 8.13% and a net margin of 2.24%. As a group, equities research analysts anticipate 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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