Mazda Motor (OTCMKTS:MZDAY) Sees Large Volume Increase – Here’s Why

Mazda Motor Corporation (OTCMKTS:MZDAY – Get Free Report) saw an uptick in trading volume on Wednesday. Approximately 79,483 shares changed hands during mid-day 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.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on Mazda Motor

Mazda Motor Stock Up 3.6%

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 PE ratio of 6.44 and a beta of 0.59. The business’s 50 day moving average is $3.54 and its 200-day moving average is $3.56.

Mazda Motor (OTCMKTS:MZDAY – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter. Mazda Motor had a return on equity of 9.13% and a net margin of 2.06%. The company had revenue of $8.07 billion during the quarter. As a group, analysts predict that Mazda Motor Corporation will post 0.50 EPS for the current year.

About Mazda Motor

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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.

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