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

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.

Shares of Suzuki Motor (OTCMKTS:SZKMY - Get Free Report) gapped down prior to trading 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.

Analysts Set New Price Targets

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 business has a fifty day simple moving average of $47.13 and a 200-day simple moving average of $47.73. The company has a quick ratio of 1.22, a current ratio of 1.58 and a debt-to-equity ratio of 0.12. The firm has a market cap of $21.84 billion, a P/E ratio of 7.86 and a beta of 0.60.

Suzuki Motor (OTCMKTS:SZKMY - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.18. Suzuki Motor had a return on equity of 11.50% and a net margin of 7.14%. The firm had revenue of $10.11 billion during the quarter, compared to the consensus estimate of $1,489.49 billion. On average, sell-side analysts predict that Suzuki Motor will post 5.11 EPS 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.