Honda Motor (NYSE:HMC) Hits New 1-Year Low – Here’s What Happened

Honda Motor Co., Ltd. (NYSE:HMC)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $25.58 and last traded at $25.83, with a volume of 766343 shares. The stock had previously closed at $26.59.

Wall Street Analyst Weigh In

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

Honda Motor Stock Down 0.3 %

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 stock has a 50-day moving average price of $30.94 and a two-hundred day moving average price of $31.84.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.43). The company had revenue of $36.24 billion during the quarter, compared to the consensus estimate of $35.60 billion. Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. Analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Honda Motor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC bought a new position in Honda Motor during the 2nd quarter worth about $28,000. LRI Investments LLC bought a new position in shares of Honda Motor during the first quarter valued at approximately $34,000. Family Firm Inc. bought a new stake in Honda Motor during the second quarter valued at about $35,000. Addison Advisors LLC lifted its position in shares of 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. Finally, Mather Group LLC. boosted its position in shares of Honda Motor by 15,153.8% in the 2nd quarter. Mather Group LLC. now owns 1,983 shares of the company’s stock worth $64,000 after purchasing an additional 1,970 shares in the last quarter. 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.