Honda Motor (NYSE:HMC) Sets New 12-Month Low – Time to Sell?

Honda Motor Co., Ltd. (NYSE:HMC) shares hit a new 52-week low during trading on Thursday . The company traded as low as $25.54 and last traded at $25.56, with a volume of 1392688 shares trading hands. The stock had previously closed at $26.05.

Analyst Ratings Changes

Separately, StockNews.com lowered Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd.

Honda Motor Trading Down 0.4 %

The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average price of $28.30 and a 200 day moving average price of $30.67.

Honda Motor (NYSE:HMC) last announced its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). The company had revenue of $36.24 billion for the quarter, compared to the consensus estimate of $35.60 billion. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. Sell-side analysts anticipate that Honda Motor Co., Ltd. will post 4.09 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Rothschild Investment LLC bought a new position in Honda Motor in the second quarter valued at about $28,000. LRI Investments LLC boosted its stake in shares of Honda Motor by 1,263.6% during the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock worth $29,000 after acquiring an additional 834 shares during the period. Family Firm Inc. bought a new position in shares of Honda Motor during the 2nd quarter worth approximately $35,000. Wilmington Savings Fund Society FSB bought a new stake in Honda Motor in the 3rd quarter valued at $36,000. Finally, Addison Advisors LLC boosted its stake in Honda Motor by 391.2% in the 3rd quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock valued at $41,000 after purchasing an additional 1,021 shares during the period. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.