Mazda Motor (OTCMKTS:MZDAY) Shares Pass Above 50-Day Moving Average - What's Next?

Mazda Motor Co. (OTCMKTS:MZDAY - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.95 and traded as high as $3.07. Mazda Motor shares last traded at $2.95, with a volume of 49,750 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MZDAY shares. Sanford C. Bernstein raised Mazda Motor to a "strong sell" rating in a report on Monday, April 14th. Daiwa America raised Mazda Motor to a "hold" rating in a report on Wednesday, April 2nd.

Mazda Motor Stock Performance

The stock has a fifty day moving average price of $2.94 and a 200-day moving average price of $3.18. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 4.12 and a beta of 0.65. The company has a quick ratio of 0.98, a current ratio of 1.56 and a debt-to-equity ratio of 0.30.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.08. Mazda Motor had a return on equity of 8.67% and a net margin of 2.66%. The firm had revenue of $8.72 billion for the quarter, compared to analyst estimates of $1,304.72 billion. On average, analysts expect that Mazda Motor Co. 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.