Mazda Motor (OTCMKTS:MZDAY) Shares Gap Up - Should You Buy?

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $2.91, but opened at $3.05. Mazda Motor shares last traded at $3.06, with a volume of 25,953 shares.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Sanford C. Bernstein upgraded Mazda Motor to a "strong sell" rating in a research report on Monday, April 14th. Daiwa America raised shares of Mazda Motor to a "hold" rating in a report on Wednesday, April 2nd.

Mazda Motor Price Performance

The stock has a 50-day simple moving average of $2.97 and a 200 day simple moving average of $3.15. The stock has a market capitalization of $3.73 billion, a P/E ratio of 5.10 and a beta of 0.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.04 and a current ratio of 1.48.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.08. Mazda Motor had a return on equity of 8.13% and a net margin of 2.24%. The business had revenue of $8.72 billion during the quarter, compared to analysts' expectations of $1,304.72 billion. On average, equities analysts forecast that Mazda Motor Corporation will post 0.66 earnings per share for the current fiscal 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.