Mazda Motor (OTCMKTS:MZDAY) Rating Lowered to Sell at Zacks Investment Research

Mazda Motor (OTCMKTS:MZDAY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research 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. “

Several other research analysts also recently commented on MZDAY. UBS Group raised Mazda Motor from a “sell” rating to a “buy” rating in a research report on Thursday, June 24th. Credit Suisse Group raised Mazda Motor from an “underperform” rating to a “neutral” rating in a research report on Tuesday, August 17th.

Shares of MZDAY stock opened at $4.48 on Tuesday. The stock’s 50 day simple moving average is $4.33 and its 200 day simple moving average is $4.31. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.31 and a current ratio of 1.84. Mazda Motor has a twelve month low of $2.57 and a twelve month high of $4.98. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 13.18 and a beta of 1.13.

Mazda Motor (OTCMKTS:MZDAY) last issued its quarterly earnings data on Friday, July 30th. The company reported $0.09 earnings per share for the quarter. Mazda Motor had a return on equity of 4.62% and a net margin of 1.41%. The business had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $6.72 billion. On average, analysts forecast that Mazda Motor will post 0.35 EPS for the current fiscal year.

Mazda Motor Company Profile

Mazda Motor Corp. engages in the manufacture and sale of passenger cars and commercial vehicles in Japan, North America, Europe, China, and internationally. Its products include four-wheeled vehicles, gasoline reciprocating engines, diesel engines, automatic and manual transmissions for vehicles, trucks, various engines, transmission parts, machine tools, and materials for casting.

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