Mazda Motor (OTCMKTS:MZDAY) Share Price Crosses Above Fifty Day Moving Average - Here's Why

Key Points

• Mazda Motor Corporation shares surpassed their fifty day moving average of $3.12, trading at a high of $3.47 before closing at $3.45 with a trading volume of 37,157 shares.
• The company reported earnings of ($0.18) per share for the last quarter, with revenue of $7.61 billion and a net margin of 0.39%.
• Mazda has a market capitalization of $4.35 billion and a P/E ratio of 34.50, indicating significant interest despite recent financial challenges.

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.12 and traded as high as $3.47. Mazda Motor shares last traded at $3.45, with a volume of 37,157 shares trading hands.

Analyst Ratings Changes

Separately, Citigroup raised shares of Mazda Motor from a "neutral" rating to a "buy" rating in a research report on Monday. One equities 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 company's stock. According to data from MarketBeat.com, Mazda Motor has a consensus rating of "Hold".

Mazda Motor Stock Up 6.2%

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 has a 50-day moving average of $3.14 and a 200-day moving average of $3.09. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 39.55 and a beta of 0.63.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.18) earnings per share (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. As a group, sell-side analysts forecast 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.