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

Key Points

• Mazda Motor stock price gapped up from $3.71 to $3.85 before the market opened, indicating a positive market reaction.
• Citigroup upgraded Mazda's stock rating from "neutral" to "buy," reflecting improved analyst sentiment.
• The company's recent quarterly earnings reported a loss of ($0.18) earnings per share (EPS) despite revenue of $7.61 billion, highlighting ongoing financial challenges.

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $3.71, but opened at $3.85. Mazda Motor shares last traded at $3.75, with a volume of 3,553 shares trading hands.

Analyst Upgrades and Downgrades

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

Mazda Motor Stock Up 1.1%

The company has a quick ratio of 1.02, a current ratio of 1.52 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average of $3.37 and a two-hundred day moving average of $3.14. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 37.50 and a beta of 0.63.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.18) earnings per share (EPS) for the quarter. The firm had revenue of $7.61 billion for the quarter. Mazda Motor had a net margin of 0.39% and a return on equity of 3.36%. As a group, sell-side 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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