Mazda Motor (OTCMKTS:MZDAY) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Mazda Motor Co. (OTCMKTS:MZDAY) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.37 and traded as high as $3.71. Mazda Motor shares last traded at $3.52, with a volume of 98,926 shares trading hands.

Mazda Motor Stock Down 2.0 %

The firm has a fifty day simple moving average of $3.37 and a 200-day simple moving average of $3.41. The company has a market capitalization of $4.44 billion, a PE ratio of 5.10 and a beta of 0.73. 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 issued its quarterly earnings results on Friday, February 14th. The company reported $0.30 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 research analysts anticipate that Mazda Motor Co. will post 0.66 EPS for the current fiscal 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.