Suzuki Motor (OTCMKTS:SZKMY) Shares Gap Up - Should You Buy?

Key Points

• Suzuki Motor's share price gapped up from $60.20 to $63.12 before settling at $61.29 with a trading volume of 471 shares.
• Zacks Research downgraded Suzuki Motor's stock from a "hold" rating to a "strong sell," although the consensus rating remains a "buy" from other analysts.
• The company reported earnings of $1.46 per share for the last quarter, with revenue totaling $9.68 billion, and has projected earnings per share of 4.600 for FY 2025.

Suzuki Motor (OTCMKTS:SZKMY - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $60.20, but opened at $63.12. Suzuki Motor shares last traded at $61.29, with a volume of 471 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Suzuki Motor from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy".

Suzuki Motor Price Performance

The firm has a market cap of $29.79 billion, a price-to-earnings ratio of 10.83 and a beta of 0.57. The company has a current ratio of 1.59, a quick ratio of 1.22 and a debt-to-equity ratio of 0.10. The company's 50-day moving average is $53.57 and its 200-day moving average is $49.44.

Suzuki Motor (OTCMKTS:SZKMY - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.46 earnings per share for the quarter. Suzuki Motor had a return on equity of 11.10% and a net margin of 7.01%.The firm had revenue of $9.68 billion for the quarter. Suzuki Motor has set its FY 2025 guidance at 4.600-4.600 EPS. Equities research analysts predict that Suzuki Motor will post 5.11 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.