Mazda Motor (OTCMKTS:MZDAY) Shares Gap Down – Should You Sell?

Mazda Motor Corporation (OTCMKTS:MZDAY)’s share price gapped down prior to trading on Monday. The stock had previously closed at $3.59, but opened at $3.35. Mazda Motor shares last traded at $3.47, with a volume of 2,958 shares changing hands.

Wall Street Analyst Weigh In

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

Mazda Motor Stock Down 2.2%

The firm’s 50-day moving average price is $3.53 and its 200-day moving average price is $3.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.47 and a quick ratio of 1.01. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 6.44 and a beta of 0.59.

Mazda Motor (OTCMKTS:MZDAY) last posted its earnings results on Monday, November 9th. The company reported $0.10 earnings per share for the quarter. Mazda Motor had a net margin of 2.06% and a return on equity of 9.13%. Sell-side analysts forecast that Mazda Motor Corporation will post 0.50 earnings per share for the current fiscal year.

Mazda Motor Company Profile

Mazda Motor Corporation is a Japanese automaker headquartered in Hiroshima. Founded in 1920 as Toyo Cork Kogyo, the company began producing vehicles in 1931, initially making three-wheeled trucks, before expanding into passenger cars and becoming known as Mazda.

The company develops, manufactures, and sells passenger vehicles, engines, transmissions, and related parts. Its lineup includes cars and sport utility vehicles, as well as the MX-5 sports car. Mazda is also known for developing rotary-engine technology and for its focus on vehicle design and driving dynamics.

Mazda sells vehicles in Japan and international markets, including North America, Europe, and other regions.