Yamaha Motor (OTCMKTS:YAMHF) Shares Pass Above 50-Day Moving Average - Here's Why

Key Points

• Yamaha Motor's share price crossed above its 50-day moving average on Thursday, reaching a high of $7.58.
• The company received a downgrade to a "neutral" rating from The Goldman Sachs Group, while the average rating for Yamaha Motor is currently a "Hold".
• Yamaha Motor has a debt-to-equity ratio of 0.28 and a current ratio of 1.56, indicating a stable financial position.

Shares of Yamaha Motor Co., Ltd. (OTCMKTS:YAMHF - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $7.37 and traded as high as $7.58. Yamaha Motor shares last traded at $7.58, with a volume of 405 shares trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered Yamaha Motor to a "neutral" rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

Yamaha Motor Stock Performance

The business has a 50-day simple moving average of $7.37 and a 200-day simple moving average of $7.57. The company has a current ratio of 1.56, a quick ratio of 1.01 and a debt-to-equity ratio of 0.28.

Yamaha Motor Company Profile

Yamaha Motor Co, Ltd., together with its subsidiaries, engages in the land mobility, marine products, robotics, and financial services businesses in Japan, North America, Europe, Asia, and internationally. Its Land Mobility segment offers motorcycles, leaning multi-wheelers, all-terrain vehicles, recreational off highway vehicles, snowmobiles, electrically power-assisted bicycles, electric wheelchairs, automobile engines, and automobile components, as well as intermediate parts for products, and knockdown parts.