Suzuki Motor (OTCMKTS:SZKMY) Shares Gap Down - Time to Sell?

Key Points

• Suzuki Motor shares gapped down from a previous close of $46.02 to open at $43.03 on Friday, with the last trading price at $44.86.
• Despite the decline in stock price, Sanford C. Bernstein upgraded Suzuki Motor to a "strong-buy" rating, indicating analyst confidence in the company's future.
• The company reported a Q1 EPS of $1.42, exceeding expectations, with revenue of $10.11 billion surpassing analyst forecasts.
• Suzuki Motor has a market cap of $21.97 billion and favorable financial ratios, including a P/E ratio of 7.90 and a debt-to-equity ratio of 0.12.

Suzuki Motor (OTCMKTS:SZKMY - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $46.02, but opened at $43.03. Suzuki Motor shares last traded at $44.86, with a volume of 339 shares trading hands.

Wall Street Analysts Forecast Growth

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

Suzuki Motor Stock Performance

The stock has a market cap of $21.97 billion, a P/E ratio of 7.90 and a beta of 0.60. The business has a 50 day moving average price of $47.31 and a 200 day moving average price of $47.74. The company has a quick ratio of 1.22, a current ratio of 1.58 and a debt-to-equity ratio of 0.12.

Suzuki Motor (OTCMKTS:SZKMY - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.18. The firm had revenue of $10.11 billion for the quarter, compared to analysts' expectations of $1,489.49 billion. Suzuki Motor had a return on equity of 11.50% and a net margin of 7.14%. As a group, sell-side analysts expect that Suzuki Motor will post 5.11 EPS for the current year.

About Suzuki Motor

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.

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