Mazda Motor (OTCMKTS:MZDAY) Shares Gap Up - Time to Buy?

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $2.90, but opened at $3.01. Mazda Motor shares last traded at $2.98, with a volume of 9,264 shares trading hands.

Analysts Set New Price Targets

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

Mazda Motor Stock Up 0.2%

The business has a 50-day moving average of $2.96 and a 200-day moving average of $3.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.04 and a current ratio of 1.48. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 5.00 and a beta of 0.63.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.08. The firm had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $1,304.72 billion. Mazda Motor had a return on equity of 8.13% and a net margin of 2.24%. On average, sell-side analysts expect 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.