Mazda Motor (OTCMKTS:MZDAY) Share Price Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• Mazda Motor's stock price has crossed above its 50-day moving average of $3.31, trading as high as $3.69, indicating a potential upward trend.
• Analysts from Citigroup upgraded the rating of Mazda Motor from "neutral" to "buy," while current consensus holds at a "Hold" rating.
• The company's latest quarterly earnings reported a net margin of 0.39% on revenues of $7.61 billion, with analysts expecting an EPS of 0.66 for the current year.

Shares of Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.31 and traded as high as $3.69. Mazda Motor shares last traded at $3.68, with a volume of 93,070 shares traded.

Analyst Upgrades and Downgrades

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

Mazda Motor Trading Up 0.3%

The firm has a market cap of $4.64 billion, a P/E ratio of 36.80 and a beta of 0.63. 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's 50-day simple moving average is $3.31 and its 200 day simple moving average is $3.13.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.18) EPS for the quarter. The company had revenue of $7.61 billion during the quarter. Mazda Motor had a return on equity of 3.36% and a net margin of 0.39%. As a group, analysts expect that Mazda Motor Corporation will post 0.66 earnings per share 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.