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

Shares of Honda Motor Co., Ltd. (NYSE:HMC) hit a new 52-week low on Wednesday . The stock traded as low as $25.58 and last traded at $25.83, with a volume of 766343 shares trading hands. The stock had previously closed at $26.59.

Analyst Ratings Changes

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

Honda Motor Price Performance

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.12 and a current ratio of 1.43. The business’s 50 day simple moving average is $31.06 and its 200-day simple moving average is $31.88. The stock has a market capitalization of $44.24 billion, a price-to-earnings ratio of 6.39, a price-to-earnings-growth ratio of 2.69 and a beta of 0.67.

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

Institutional Trading of Honda Motor

Several institutional investors have recently modified their holdings of HMC. RFP Financial Group LLC lifted its holdings in shares of Honda Motor by 91.3% during the first quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock valued at $25,000 after purchasing an additional 316 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of Honda Motor by 3.4% during the second quarter. Ballentine Partners LLC now owns 10,957 shares of the company’s stock valued at $353,000 after purchasing an additional 359 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Honda Motor by 1.5% during the third quarter. Apollon Wealth Management LLC now owns 26,138 shares of the company’s stock valued at $829,000 after purchasing an additional 389 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Honda Motor by 2.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 18,861 shares of the company’s stock valued at $702,000 after purchasing an additional 395 shares during the last quarter. Finally, Harrington Investments INC lifted its holdings in shares of Honda Motor by 1.0% during the second quarter. Harrington Investments INC now owns 39,824 shares of the company’s stock valued at $1,284,000 after purchasing an additional 410 shares during the last quarter. Institutional investors and hedge funds 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.