Suzuki Motor (OTCMKTS:SZKMY) Shares Gap Down - Here's What Happened

Suzuki Motor (OTCMKTS:SZKMY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $46.61, but opened at $45.08. Suzuki Motor shares last traded at $47.65, with a volume of 899 shares.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded Suzuki Motor to a "strong-buy" rating in a research report on Monday, April 14th.

Suzuki Motor Stock Up 1.6%

The stock's fifty day moving average price is $48.40 and its 200 day moving average price is $47.70. The company has a current ratio of 1.58, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12. The stock has a market cap of $23.91 billion, a P/E ratio of 8.60 and a beta of 0.63.

Suzuki Motor (OTCMKTS:SZKMY - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.18. Suzuki Motor had a net margin of 7.14% and a return on equity of 11.50%. The company had revenue of $10.11 billion during the quarter, compared to analyst estimates of $1,489.49 billion. As a group, research analysts forecast that Suzuki Motor will post 5.11 earnings per share for the current fiscal year.

Suzuki Motor Company Profile

Suzuki Motor Corporation engages in the manufacturing and marketing of automobiles, motorcycles, and marine products in Japan, rest of Asia, Europe, North America, and internationally. It offers mini-vehicles, sub-compact vehicles, standard-sized vehicles, outboard motors, motorized wheelchairs, and electro senior vehicles.