Mazda Motor (OTCMKTS:MZDAY) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Shares of Mazda Motor Corporation (OTCMKTS:MZDAY) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.36 and traded as high as $3.39. Mazda Motor shares last traded at $3.3660, with a volume of 60,340 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Nomura upgraded shares of Mazda Motor to a “hold” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mazda Motor presently has an average rating of “Hold”.

Mazda Motor Stock Up 2.5%

The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. The firm has a market cap of $4.25 billion, a P/E ratio of 21.04 and a beta of 0.55. The stock’s fifty day moving average is $3.36 and its two-hundred day moving average is $3.64.

Mazda Motor (OTCMKTS:MZDAY) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.42 EPS for the quarter. The firm had revenue of $9.03 billion during the quarter. Mazda Motor had a net margin of 0.62% and a return on equity of 5.58%. Mazda Motor has set its FY 2027 guidance at 0.460-0.460 EPS. As a group, research analysts anticipate that Mazda Motor Corporation will post 0.42 earnings per share for the current year.

About Mazda Motor

Mazda Motor Corporation is a Japan‐based automaker best known for its range of passenger cars, sport utility vehicles, and light commercial vehicles. With a reputation for engineering innovation, Mazda produces models such as the Mazda3 compact car, the Mazda6 sedan, the popular MX-5 Miata roadster, and the CX-series SUVs. The company emphasizes driving dynamics, fuel efficiency and distinctive design in its product lineup, leveraging its proprietary SKYACTIV technology to improve engine performance, chassis rigidity and transmission efficiency.

Founded in 1920 in Hiroshima under the name Toyo Cork Kogyo Co, Ltd., Mazda has evolved from a producer of machine tools into a global automotive manufacturer.