Honda Motor (NYSE:HMC) Sets New 52-Week Low – Here’s What Happened

Honda Motor Co., Ltd. (NYSE:HMC) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $27.30 and last traded at $27.32, with a volume of 1931135 shares changing hands. The stock had previously closed at $30.30.

Analyst Ratings Changes

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

Honda Motor Trading Down 8.0 %

The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.07 and a current ratio of 1.37. The firm has a market capitalization of $47.67 billion, a PE ratio of 5.94, a P/E/G ratio of 2.66 and a beta of 0.67. The stock’s 50-day simple moving average is $31.52 and its 200-day simple moving average is $32.10.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.38. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. The company had revenue of $34.67 billion for the quarter, compared to analysts’ expectations of $33.75 billion. As a group, sell-side analysts expect that Honda Motor Co., Ltd. will post 4.6 EPS for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

Several hedge funds have recently made changes to their positions in the company. RFP Financial Group LLC boosted its stake in Honda Motor by 91.3% during the first quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock worth $25,000 after acquiring an additional 316 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Honda Motor in the 2nd quarter worth approximately $28,000. LRI Investments LLC purchased a new stake in shares of Honda Motor in the 1st quarter worth approximately $34,000. Family Firm Inc. bought a new position in Honda Motor during the 2nd quarter valued at approximately $35,000. Finally, Addison Advisors LLC raised its stake in Honda Motor by 391.2% during the third quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock valued at $41,000 after buying an additional 1,021 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors.

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.