Isuzu Motors (OTCMKTS:ISUZY) Stock Jumps 6% – Here’s Why

Isuzu Motors Ltd. (OTCMKTS:ISUZY)’s stock price traded up 6% during trading on Wednesday. The company traded as high as $13.80 and last traded at $13.80. Approximately 52,745 shares traded hands during trading, a decline of 31% from the average session volume of 76,508 shares. The stock had previously closed at $13.02.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised shares of Isuzu Motors from a “neutral” rating to a “buy” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Isuzu Motors Trading Up 0.7%

The company has a market cap of $9.10 billion, a P/E ratio of 9.79 and a beta of 0.59. The company has a quick ratio of 1.03, a current ratio of 1.72 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $14.03 and a two-hundred day moving average price of $14.11.

Isuzu Motors (OTCMKTS:ISUZY) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.17 billion. Isuzu Motors had a net margin of 4.08% and a return on equity of 8.71%. On average, analysts predict that Isuzu Motors Ltd. will post 1.71 EPS for the current year.

About Isuzu Motors

Isuzu Motors Limited is a Japanese manufacturer specializing in commercial vehicles, diesel engines and related transportation equipment. Its product portfolio includes light-, medium- and heavy-duty trucks, buses, pickup trucks and other commercial vehicles, as well as diesel and other powertrain systems used in automotive, industrial and marine applications.

The company traces its history to 1916 and adopted the Isuzu name in the 1930s, later becoming Isuzu Motors Limited in 1949. Isuzu has built its business around commercial transportation, with products designed for freight, passenger transport, construction, distribution and other professional uses.

Isuzu serves customers in Japan and international markets across Asia, Oceania, Africa, Europe, North America and other regions through manufacturing operations, distributors and vehicle-service networks.