Mazda Motor Corporation·Consumer Cyclical

DALLAS--(BUSINESS WIRE)--CBS named Mazda's U.S. battery supplier, delivering reliable solutions, nationwide distribution, and dealer support to drive growth.

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report) shares passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $3.95 and traded as low as $3.33. Mazda Motor shares last traded at $3.41, with a volume of 54,176 shares. Analysts Set New Price Targets

Mazda Motor (MZDAY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Many major companies are set to offer big pay hikes as they wrap up their annual wage talks with unions on Wednesday, reflecting strong pay momentum for a fourth consecutive year, although uncertainty from the Middle East conflict clouds the outlook.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Japan's Mazda , which exited Russia in 2022, is seeing a revival as one of the country's best-selling car brands thanks to new Russian scrappage charges that have shifted import patterns via third countries.
Mazda Motor Corporation engages in the manufacture and sale of passenger cars and commercial vehicles in Japan, North America, Europe, and internationally. Its principal products include four-wheeled vehicles, gasoline reciprocating engines, diesel engines, and automatic and manual transmissions for vehicles. 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.
Consumer Cyclical
Auto - Manufacturers
48,783
2010-10-15
0.55