Mazda Motor (OTCMKTS:MZDAY) Issues Earnings Results

Mazda Motor (OTCMKTS:MZDAY) released its earnings results on Tuesday. The company reported $0.24 earnings per share (EPS) for the quarter, Zacks reports. Mazda Motor had a net margin of 0.63% and a return on equity of 4.62%.

Mazda Motor Stock Up 9.0%

Shares of Mazda Motor stock traded up $0.35 during midday trading on Tuesday, hitting $4.24. The company’s stock had a trading volume of 39,086 shares, compared to its average volume of 49,161. The stock has a 50-day simple moving average of $3.82 and a 200-day simple moving average of $3.60. Mazda Motor has a 1-year low of $2.44 and a 1-year high of $4.30. The firm has a market capitalization of $5.34 billion, a P/E ratio of 26.47 and a beta of 0.50. The company has a quick ratio of 1.04, a current ratio of 1.55 and a debt-to-equity ratio of 0.40.

Analysts Set New Price Targets

Separately, UBS Group upgraded Mazda Motor from a “strong sell” rating to a “hold” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Mazda Motor Company Profile

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.