Yamaha Motor (OTCMKTS:YAMHF) Shares Pass Above Fifty Day Moving Average - Here's What Happened

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.

Yamaha Motor Co., Ltd. (OTCMKTS:YAMHF - Get Free Report)'s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 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 changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded Yamaha Motor to a "neutral" rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Yamaha Motor presently has an average rating of "Hold".

Yamaha Motor Trading Down 0.9%

The company has a current ratio of 1.56, a quick ratio of 1.01 and a debt-to-equity ratio of 0.28. The stock's 50 day moving average is $7.37 and its 200 day moving average is $7.59.

About Yamaha Motor

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.

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