Suzuki Motor (OTCMKTS:SZKMY) Shares Gap Down – Time to Sell?

Suzuki Motor (OTCMKTS:SZKMY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $56.40, but opened at $54.3450. Suzuki Motor shares last traded at $55.2925, with a volume of 654 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Suzuki Motor from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Suzuki Motor Trading Down 3.1%

The business has a 50-day moving average price of $59.74 and a 200-day moving average price of $56.17. The company has a quick ratio of 1.21, a current ratio of 1.60 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $26.83 billion, a P/E ratio of 10.04 and a beta of 0.47.

Suzuki Motor (OTCMKTS:SZKMY) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.28 EPS for the quarter. Suzuki Motor had a return on equity of 10.44% and a net margin of 6.71%.The business had revenue of $9.94 billion for the quarter. Analysts anticipate that Suzuki Motor will post 5.11 earnings per share for the current year.

About Suzuki Motor

Suzuki Motor Corporation traces its roots to 1909 when Michio Suzuki founded Suzuki Loom Works; the company later entered motor vehicle production and was reorganized as an independent motor company in the mid-20th century. Headquartered in Hamamatsu, Japan, Suzuki has grown into a multinational manufacturer known for producing compact, fuel-efficient vehicles and a broad range of two- and four-wheeled products. The company has a long history in small-car and motorcycle design and has adapted its product portfolio over decades to serve both personal and light commercial transport markets.

Suzuki’s primary business activities include the design, manufacture and sale of automobiles, motorcycles, all-terrain vehicles (ATVs), and outboard motors, along with related parts and accessories.