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

Suzuki Motor (OTCMKTS:SZKMY)’s share price gapped up before the market opened on Monday. The stock had previously closed at $55.54, but opened at $60.44. Suzuki Motor shares last traded at $58.4550, with a volume of 68,577 shares traded.

Analyst Upgrades and Downgrades

SZKMY has been the topic of a number of recent analyst reports. Citigroup upgraded Suzuki Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Zacks Research raised shares of Suzuki Motor from a “strong sell” rating to a “hold” rating in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Suzuki Motor Trading Up 2.9%

The company has a market cap of $28.39 billion, a price-to-earnings ratio of 8.46 and a beta of 0.59. The firm has a 50 day moving average price of $52.38 and a two-hundred day moving average price of $50.92. The company has a quick ratio of 1.36, a current ratio of 1.81 and a debt-to-equity ratio of 0.13.

About Suzuki Motor

Suzuki Motor Corporation is a Japanese manufacturer of automobiles, motorcycles and other mobility products. Founded in 1909 by Michio Suzuki as Suzuki Loom Works, the company began as a maker of weaving looms before expanding into motorized products and automobiles.

Its products include compact cars and other passenger vehicles, motorcycles and outboard motors. Suzuki also develops select power products and mobility equipment, serving consumers and businesses in Japan and markets around the world.

Suzuki has a significant presence in India through its automotive operations there, as well as in other markets across Asia, Europe and beyond.