Mazda Motor (OTCMKTS:MZDAY) Shares Cross Above 50 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.

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report) shares passed 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.

Wall Street Analysts Forecast Growth

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 assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

Mazda Motor Trading Down 0.1%

The stock has a market capitalization of $4.70 billion, a P/E ratio of 37.28 and a beta of 0.63. The company has a current ratio of 1.52, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The stock's fifty day moving average price is $3.32 and its two-hundred day moving average price is $3.13.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.18) EPS for the quarter. Mazda Motor had a net margin of 0.39% and a return on equity of 3.36%. The firm had revenue of $7.61 billion for the quarter. Equities research analysts forecast 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.