Mazda Motor (OTCMKTS:MZDAY) Upgraded by Daiwa America to “Hold” Rating

Mazda Motor (OTCMKTS:MZDAY) was upgraded by Daiwa America to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Mazda Motor Stock Down 8.4 %

Shares of OTCMKTS:MZDAY opened at $2.61 on Wednesday. The stock has a 50-day simple moving average of $3.34 and a 200-day simple moving average of $3.37. The stock has a market capitalization of $3.29 billion, a P/E ratio of 3.78 and a beta of 0.73. Mazda Motor has a 1 year low of $2.60 and a 1 year high of $6.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.98 and a current ratio of 1.56.

Mazda Motor (OTCMKTS:MZDAY) last released its quarterly earnings data on Friday, February 14th. The company reported $0.30 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Mazda Motor will post 0.66 earnings per share for the current year.

About Mazda Motor

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.