Yamaha (OTCMKTS:YAMCY) Shares Up 6% – Here’s Why

Yamaha Co. (OTCMKTS:YAMCY) shares shot up 6% during trading on Tuesday . The company traded as high as $7.0350 and last traded at $7.0350. Approximately 213 shares changed hands during trading, a decline of 86% from the average session volume of 1,524 shares. The stock had previously closed at $6.6372.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Yamaha to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Yamaha has a consensus rating of “Hold”.

Yamaha Price Performance

The stock has a fifty day simple moving average of $7.00 and a 200-day simple moving average of $7.18. The company has a market capitalization of $3.26 billion and a price-to-earnings ratio of 0.06.

About Yamaha

Yamaha Motor Co, Ltd., founded in 1955 as a spin-off from Yamaha Corporation, is a Japanese manufacturer specializing in a diverse range of mobility and power products. Headquartered in Iwata, Shizuoka Prefecture, the company initially gained recognition for its 125cc two-stroke motorcycle before expanding into marine engines and general-purpose power units. Over the decades, Yamaha Motor has built a reputation for engineering innovation, high-performance design and reliable manufacturing processes.

The company’s core product portfolio encompasses motorcycles, scooters and off-road vehicles, including ATVs, side-by-sides and snowmobiles.