Mazda Motor (OTCMKTS:MZDAY) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Key Points

• Mazda Motor's stock recently crossed above its 50-day moving average of $2.97, trading as high as $3.09, signaling potential upward momentum.
• After a quarterly earnings report on May 12, Mazda Motor reported earnings per share (EPS) of $0.27, exceeding expectations by $0.08, contributing to a return on equity of 8.13%.
• Analyst ratings have changed, with Sanford C. Bernstein assigning a "strong sell" rating to Mazda Motor shares, indicating cautious sentiment in the market.

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report)'s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.97 and traded as high as $3.09. Mazda Motor shares last traded at $2.97, with a volume of 68,290 shares.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded Mazda Motor to a "strong sell" rating in a research note on Monday, April 14th.

Mazda Motor Trading Up 1.9%

The business has a fifty day moving average price of $2.97 and a 200 day moving average price of $3.10. The company has a market capitalization of $3.97 billion, a PE ratio of 5.43 and a beta of 0.63. 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 released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.18) EPS for the quarter. Mazda Motor had a return on equity of 8.13% and a net margin of 2.24%. Analysts expect that Mazda Motor Corporation will post 0.66 EPS for the current fiscal 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.