Mazda Motor (OTCMKTS:MZDAY) Share Price Crosses Above 50 Day Moving Average - What's Next?

Shares of Mazda Motor Co. (OTCMKTS:MZDAY - Get Free Report) 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.

Wall Street Analyst Weigh In

MZDAY has been the subject of a number of recent analyst reports. Daiwa America upgraded shares of Mazda Motor to a "hold" rating in a research note on Wednesday, April 2nd. Sanford C. Bernstein upgraded shares of Mazda Motor to a "strong sell" rating in a research note on Monday, April 14th.

Mazda Motor Trading Up 1.4%

The business's 50 day moving average price is $2.94 and its 200-day moving average price is $3.17. The company has a current ratio of 1.56, a quick ratio of 0.98 and a debt-to-equity ratio of 0.30. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 4.18 and a beta of 0.65.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.08. The company had revenue of $8.72 billion during the quarter, compared to analysts' expectations of $1,304.72 billion. Mazda Motor had a net margin of 2.66% and a return on equity of 8.67%. On average, equities analysts anticipate that Mazda Motor Co. will post 0.66 EPS 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.