Honda Motor (NYSE:HMC) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Honda Motor Co., Ltd. (NYSE:HMC) saw strong trading volume on Tuesday . 2,277,818 shares were traded during mid-day trading, an increase of 143% from the previous session’s volume of 937,333 shares.The stock last traded at $25.50 and had previously closed at $25.02.

Wall Street Analyst Weigh In

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

Honda Motor Price Performance

The stock has a market cap of $43.21 billion, a PE ratio of 6.18, a P/E/G ratio of 2.57 and a beta of 0.62. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.43 and a quick ratio of 1.12. The firm’s 50 day moving average price is $28.16 and its two-hundred day moving average price is $30.58.

Honda Motor (NYSE:HMC) last issued 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). Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. The business had revenue of $36.24 billion for the quarter, compared to the consensus estimate of $35.60 billion. On average, research analysts expect that Honda Motor Co., Ltd. will post 4.09 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC purchased a new stake in shares of Honda Motor in the second quarter worth about $28,000. LRI Investments LLC lifted its stake in Honda Motor by 1,263.6% in the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock worth $29,000 after purchasing an additional 834 shares in the last quarter. Family Firm Inc. bought a new position in Honda Motor in the 2nd quarter valued at $35,000. Wilmington Savings Fund Society FSB bought a new position in Honda Motor in the 3rd quarter valued at $36,000. Finally, Addison Advisors LLC increased its holdings in shares of Honda Motor by 391.2% in the third quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock worth $41,000 after purchasing an additional 1,021 shares during the period. Institutional investors own 5.32% of the company’s stock.

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.