Mazda Motor (OTCMKTS:MZDAY) Shares Down 6.4% - Here's Why

Key Points

• Mazda Motor's stock fell by 6.4% to close at $3.15, significantly below its previous closing price of $3.36, with trading volume declining by 77% compared to the average.
• Analysts have mixed ratings on Mazda, with Sanford C. Bernstein downgrading it to "strong sell" while Daiwa America upgraded it to "hold".
• For the last quarter, Mazda reported an earnings per share (EPS) of $0.27, ahead of expectations, with a net margin of 2.24% and revenue of $8.72 billion.
• The company's market capitalization is approximately $3.97 billion, with a PE ratio of 5.42 and a beta of 0.63.

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report)'s share price dropped 6.4% on Friday . The company traded as low as $3.13 and last traded at $3.15. Approximately 38,120 shares changed hands during trading, a decline of 77% from the average daily volume of 163,843 shares. The stock had previously closed at $3.36.

Wall Street Analyst Weigh In

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

Mazda Motor Trading Down 3.3%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.04 and a current ratio of 1.48. The stock's fifty day moving average is $2.97 and its 200 day moving average is $3.10. The stock has a market cap of $3.88 billion, a P/E ratio of 5.30 and a beta of 0.63.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.08. Mazda Motor had a net margin of 2.24% and a return on equity of 8.13%. The firm had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $1,304.72 billion. As a group, equities research analysts predict that Mazda Motor Corporation will post 0.66 earnings per share 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.