Suzuki Motor (OTCMKTS:SZKMY) Sees Large Volume Increase - What's Next?

Key Points

• Suzuki Motor trading volume rose 71% to about 130,879 shares, versus its average of 76,395; shares were up 1.7% at $53.985.
• Recent analyst views improved: Citigroup upgraded the stock to Strong Buy and Zacks Research to Hold. MarketBeat’s consensus rating is Buy.
• Suzuki beat quarterly expectations, reporting EPS of $2.39 versus $1.61 expected and revenue of $10.82 billion versus $9.96 billion expected.

Suzuki Motor (OTCMKTS:SZKMY - Get Free Report) shares saw unusually-high trading volume on Wednesday. Approximately 130,879 shares traded hands during mid-day trading, an increase of 71% from the average daily volume of 76,395 shares. The stock last traded at $53.9850 and had previously closed at $53.47.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SZKMY shares. Zacks Research upgraded Suzuki Motor from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 20th. Citigroup raised Suzuki Motor from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Suzuki Motor currently has an average rating of "Buy".

Suzuki Motor Trading Up 1.7%

The company has a current ratio of 1.81, a quick ratio of 1.36 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $52.24 and a 200 day moving average of $50.96. The stock has a market capitalization of $26.10 billion, a price-to-earnings ratio of 7.77 and a beta of 0.59.

Suzuki Motor (OTCMKTS:SZKMY - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $2.39 EPS for the quarter, beating the consensus estimate of $1.61 by $0.78. Suzuki Motor had a net margin of 7.85% and a return on equity of 12.49%. The firm had revenue of $10.82 billion for the quarter, compared to analysts' expectations of $9.96 billion. As a group, equities analysts predict that Suzuki Motor will post 7.23 EPS for the current fiscal year.

About Suzuki Motor

Suzuki Motor Corporation is a Japan-based manufacturer of automobiles, motorcycles and marine products. Its automotive lineup includes compact cars, kei cars, sport utility vehicles and commercial vehicles, while its motorcycle business offers products ranging from small-displacement commuter models to larger performance motorcycles. The company also produces outboard marine engines and related equipment.

Founded in 1909 by Michio Suzuki as a loom-manufacturing business, Suzuki entered the automotive industry after World War II and developed a strong position in small, affordable vehicles.

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