Isuzu Motors (OTCMKTS:ISUZY) Shares Climb 6% – Here’s What Happened

Isuzu Motors Ltd. (OTCMKTS:ISUZY)’s share price rose 6% during mid-day trading on Wednesday. The company traded as high as $13.80 and last traded at $13.80. 52,745 shares traded hands during trading, a decline of 31% from the average daily volume of 76,508 shares. The stock had previously closed at $13.02.

Analysts Set New Price Targets

Separately, UBS Group raised shares of Isuzu Motors from a “neutral” rating to a “buy” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Isuzu Motors presently has an average rating of “Hold”.

Isuzu Motors Price Performance

The stock has a market capitalization of $9.14 billion, a P/E ratio of 9.83 and a beta of 0.59. The business’s 50 day simple moving average is $13.95 and its two-hundred day simple moving average is $14.09. The company has a quick ratio of 1.03, a current ratio of 1.72 and a debt-to-equity ratio of 0.39.

Isuzu Motors (OTCMKTS:ISUZY) last posted its earnings results on Monday, August 3rd. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). Isuzu Motors had a return on equity of 8.71% and a net margin of 4.08%.The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.17 billion. As a group, sell-side analysts forecast that Isuzu Motors Ltd. will post 1.71 earnings per share for the current fiscal year.

Isuzu Motors Company Profile

Isuzu Motors Limited is a Japanese manufacturer specializing in commercial vehicles, diesel engines and related transportation equipment. Its product portfolio includes light-, medium- and heavy-duty trucks, buses, pickup trucks and other commercial vehicles, as well as diesel and other powertrain systems used in automotive, industrial and marine applications.

The company traces its history to 1916 and adopted the Isuzu name in the 1930s, later becoming Isuzu Motors Limited in 1949. Isuzu has built its business around commercial transportation, with products designed for freight, passenger transport, construction, distribution and other professional uses.

Isuzu serves customers in Japan and international markets across Asia, Oceania, Africa, Europe, North America and other regions through manufacturing operations, distributors and vehicle-service networks.