Mazda Motor (OTCMKTS:MZDAY) Sees Large Volume Increase – Should You Buy?

Mazda Motor Corporation (OTCMKTS:MZDAY) shares saw strong trading volume on Wednesday. Approximately 79,483 shares were traded during trading, an increase of 91% from the average daily volume of 41,692 shares. The stock last traded at $3.4347 and had previously closed at $3.42.

Analysts Set New Price Targets

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

Mazda Motor Stock Up 0.2%

The company has a current ratio of 1.47, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 6.66 and a beta of 0.59. The firm’s 50 day simple moving average is $3.53 and its two-hundred day simple moving average is $3.56.

Mazda Motor (OTCMKTS:MZDAY) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter. Mazda Motor had a net margin of 2.06% and a return on equity of 9.13%. The firm had revenue of $8.07 billion for the quarter. On average, equities analysts forecast that Mazda Motor Corporation will post 0.50 EPS for the current year.

About Mazda Motor

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.