Mazda Motor (OTCMKTS:MZDAY) Rating Increased to Hold at Daiwa America

Daiwa America upgraded shares of Mazda Motor (OTCMKTS:MZDAY) to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

Mazda Motor Stock Performance

Mazda Motor stock opened at $2.61 on Wednesday. Mazda Motor has a fifty-two week low of $2.60 and a fifty-two week high of $6.12. The firm’s 50 day simple moving average is $3.34 and its 200-day simple moving average is $3.37. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 0.98. The company has a market cap of $3.29 billion, a P/E ratio of 3.78 and a beta of 0.73.

Mazda Motor (OTCMKTS:MZDAY) last announced its earnings results on Friday, February 14th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. Mazda Motor had a net margin of 2.66% and a return on equity of 8.67%. As a group, equities research analysts predict that Mazda Motor will post 0.66 EPS for the current year.

Mazda Motor Company Profile

Mazda Motor Corporation engages in the manufacture and sale of passenger cars and commercial vehicles in Japan, China, North America, Europe, and internationally. The company was formerly known as Toyo Kogyo Co, Ltd. and changed its name to Mazda Motor Corporation in May 1984. Mazda Motor Corporation was incorporated in 1920 and is headquartered in Hiroshima, Japan.