Suzuki Motor (OTCMKTS:SZKMY) Shares Gap Up – Here’s What Happened

Suzuki Motor (OTCMKTS:SZKMY) shares gapped up before the market opened on Friday . The stock had previously closed at $59.13, but opened at $61.84. Suzuki Motor shares last traded at $60.0910, with a volume of 1,251 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Suzuki Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Suzuki Motor Trading Up 0.7%

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.60 and a quick ratio of 1.21. The business’s 50 day moving average is $59.70 and its 200 day moving average is $54.60. The stock has a market cap of $29.25 billion, a price-to-earnings ratio of 10.95 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 earnings per share (EPS) for the quarter. The company had revenue of $9.94 billion during the quarter. Suzuki Motor had a return on equity of 10.44% and a net margin of 6.71%. As a group, equities analysts expect that Suzuki Motor will post 5.11 earnings per share for the current fiscal 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.