Yamaha (OTCMKTS:YAMCY) Stock Price Up 6.2% – Here’s Why

Yamaha Co. (OTCMKTS:YAMCYGet Free Report)’s share price shot up 6.2% during mid-day trading on Tuesday . The company traded as high as $7.38 and last traded at $7.38. 465 shares were traded during trading, a decline of 70% from the average session volume of 1,530 shares. The stock had previously closed at $6.95.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on YAMCY

Yamaha Stock Down 1.4%

The stock has a market capitalization of $3.17 billion and a PE ratio of 0.06. The firm has a 50 day moving average price of $7.19 and a 200-day moving average price of $7.17.

About Yamaha

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Yamaha Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yamaha and related companies with MarketBeat.com's FREE daily email newsletter.