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

Key Points

• Mazda Motor's shares gapped up from $3.78 to $3.92 before trading, although the last trade was at $3.73 with a volume of 44,718 shares.
• Citigroup upgraded Mazda Motor's rating from "neutral" to "buy", amid mixed analyst ratings that include one "buy", one "hold", and one "sell".
• The company reported a net loss of ($0.18) EPS for the last quarter, with revenue at $7.61 billion and a projected EPS of 0.66 for the current year.

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $3.78, but opened at $3.92. Mazda Motor shares last traded at $3.73, with a volume of 44,718 shares changing hands.

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 equities 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 company's stock. According to MarketBeat, the company has a consensus rating of "Hold".

Mazda Motor Price Performance

The firm has a market capitalization of $4.64 billion, a P/E ratio of 36.80 and a beta of 0.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.52. The firm has a 50-day moving average of $3.31 and a 200-day moving average of $3.13.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.18) earnings per share (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, analysts predict 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.