Mazda Motor (OTCMKTS:MZDAY) Shares Break Above 200-Day Moving Average – Here’s Why

Shares of Mazda Motor Corporation (OTCMKTS:MZDAY) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $3.56 and traded as high as $3.66. Mazda Motor shares last traded at $3.59, with a volume of 69,503 shares traded.

Analyst Ratings Changes

Separately, Zacks Research downgraded Mazda Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Three equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Mazda Motor presently has a consensus rating of “Hold”.

Mazda Motor Trading Up 0.1%

The stock has a fifty day moving average of $3.53 and a 200-day moving average of $3.56. The company has a market cap of $4.54 billion, a PE ratio of 6.66 and a beta of 0.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.47.

Mazda Motor (OTCMKTS:MZDAY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 EPS for the quarter. The company had revenue of $8.07 billion for the quarter. Mazda Motor had a return on equity of 9.13% and a net margin of 2.06%. Sell-side analysts anticipate that Mazda Motor Corporation will post 0.50 EPS for the current fiscal year.

Mazda Motor Company Profile

Mazda Motor Corporation is a Japanese automobile manufacturer headquartered in Fuchu, Hiroshima, Japan. The company develops, manufactures and sells passenger vehicles, sport utility vehicles, crossovers and related automotive products under the Mazda brand.

Mazda’s vehicle lineup is known for emphasizing driving dynamics, design and fuel efficiency. Its engineering portfolio includes the SKYACTIV range of engines, transmissions, vehicle platforms and other technologies, as well as battery-electric and hybrid vehicle offerings.