Mazda Motor (OTCMKTS:MZDAY) Stock 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 $3.47, reaching a high of $3.55 during trading, with the last price recorded at $3.53.
• Citigroup upgraded Mazda Motor from a "neutral" to a "buy" rating, contributing to an overall rating of "Hold" from analysts.
• The company's latest earnings report showed a loss of ($0.18) per share for the quarter, with expectations of posting 0.66 earnings per share for the current fiscal year.

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report)'s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.47 and traded as high as $3.55. Mazda Motor shares last traded at $3.53, with a volume of 15,365 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Mazda Motor from a "neutral" rating to a "buy" rating in a research note on Monday, September 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Mazda Motor presently has an average rating of "Hold".

Mazda Motor Stock Performance

The firm has a market capitalization of $4.44 billion, a PE ratio of 35.25 and a beta of 0.61. The business has a 50-day simple moving average of $3.47 and a 200-day simple moving average of $3.14. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.52 and a quick ratio of 1.02.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported ($0.18) earnings per share for the quarter. Mazda Motor had a return on equity of 3.36% and a net margin of 0.39%.The business had revenue of $7.61 billion for the quarter. Equities research analysts expect that Mazda Motor Corporation 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.

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