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

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

Analyst Upgrades and Downgrades

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

Honda Motor Stock Down 8.0 %

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

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.38. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. The company had revenue of $34.67 billion during the quarter, compared to the consensus estimate of $33.75 billion. Analysts expect that Honda Motor Co., Ltd. will post 4.6 earnings per share for the current year.

Hedge Funds Weigh In On Honda Motor

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new position in Honda Motor during the 1st quarter worth approximately $125,000. Private Advisor Group LLC increased its stake in shares of Honda Motor by 9.3% in the first quarter. Private Advisor Group LLC now owns 10,389 shares of the company’s stock worth $387,000 after buying an additional 883 shares during the period. Central Pacific Bank Trust Division bought a new stake in Honda Motor during the 1st quarter valued at $265,000. Signaturefd LLC boosted its position in Honda Motor by 11.2% during the 1st quarter. Signaturefd LLC now owns 41,334 shares of the company’s stock valued at $1,539,000 after buying an additional 4,177 shares during the period. Finally, Gallacher Capital Management LLC grew its holdings in Honda Motor by 2.6% in the 1st quarter. Gallacher Capital Management LLC now owns 13,370 shares of the company’s stock worth $498,000 after acquiring an additional 336 shares during the last quarter. Hedge funds and other 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.