Yamaha Motor (OTCMKTS:YAMHF) Shares Up 9.8% - Here's What Happened

Key Points

• Yamaha Motor's stock surged by 9.8%, reaching a price of $7.70 during mid-day trading, although trading volume was significantly lower than average.
• Goldman Sachs downgraded Yamaha Motor to a "neutral" rating, while the overall consensus rating for the stock remains at "Hold."
• The company operates in various sectors including land mobility, marine products, and robotics, highlighting its diversified business model.

Yamaha Motor Co., Ltd. (OTCMKTS:YAMHF - Get Free Report)'s stock price shot up 9.8% during mid-day trading on Friday . The stock traded as high as $7.70 and last traded at $7.70. 753 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 2,022 shares. The stock had previously closed at $7.02.

Wall Street Analyst Weigh In

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

Yamaha Motor Stock Performance

The business has a 50-day moving average of $7.40 and a two-hundred day moving average of $7.54. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.01 and a current ratio of 1.56.

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.

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