MAZDA MTR CORP/ADR (OTCMKTS:MZDAY) Rating Lowered to Sell at Zacks Investment Research

MAZDA MTR CORP/ADR (OTCMKTS:MZDAY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Mazda Motor Corp. engages in the manufacture and sale of passenger cars, commercial vehicles and automotive parts. It products include trucks, engines, transmission parts, machine tools and materials for casting. The company operates primarily in Japan, North America, Europe and Other Areas. Mazda Motor Corp. is headquartered in Aki-gun, Japan. “

Separately, ValuEngine raised shares of MAZDA MTR CORP/ADR from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

MZDAY traded down $0.02 during midday trading on Tuesday, hitting $4.44. The company had a trading volume of 3,980 shares, compared to its average volume of 63,781. MAZDA MTR CORP/ADR has a 52 week low of $4.01 and a 52 week high of $6.05. The company has a quick ratio of 1.04, a current ratio of 1.45 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 8.54 and a beta of 1.00. The stock’s 50 day moving average price is $4.51 and its 200 day moving average price is $4.80.

MAZDA MTR CORP/ADR (OTCMKTS:MZDAY) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. MAZDA MTR CORP/ADR had a net margin of 1.83% and a return on equity of 4.53%. The firm had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.95 billion. Research analysts predict that MAZDA MTR CORP/ADR will post 0.32 EPS for the current year.

MAZDA MTR CORP/ADR Company Profile

Mazda Motor Corporation manufactures and sells passenger cars and commercial vehicles in Japan, North America, Europe, China, and internationally. Its principal products include four-wheeled vehicles, gasoline reciprocating engines, diesel engines, and automatic and manual transmissions for vehicles.

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