Honda Motor Company Ltd. (HMC) : Traders are bullish on Honda Motor Company Ltd. (HMC) as it has outperformed the S&P 500 by a wide margin of 9% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.6%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.66% in the last 1 week, and is up 10.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.36% and the 50-Day Moving Average is 9.44%. Honda Motor Company Ltd. (NYSE:HMC): On Fridays trading session , Opening price of the stock was $29.09 with an intraday high of $29.24. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.99. However, the stock managed to close at $29.15, a loss of 0.85% for the day. On the previous day, the stock had closed at $29.4. The total traded volume of the day was 588,072 shares.
Institutional Investors own 3.07% of Honda Motor Company Ltd. shares. Also, Bank of America downgrades their rating on the shares of Honda Motor Company Ltd. (NYSE:HMC). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 31, 2016.
Honda Motor Co., Ltd. (Honda), develops, produces and manufactures a range of motor products, ranging from small general-purpose engines and scooters to specialty sports cars. The Company has four segments: motorcycle business, automobile business, financial services business, and power product and other businesses. Hondas motorcycle business segment offers motorcycle line, including sports (including trial and moto-cross racing), business and commuter models. Its automobile business segment offers passenger cars, light trucks and mini vehicles. The Companys financial services business segment offers retail lending, leasing to customers and other financial services, such as wholesale financing to dealers. Its power product and other businesses segment manufactures a power products, including tillers, portable generators, general-purpose engines, grass cutters, outboard marine engines, water pumps, snow throwers, power carriers, power sprayers, lawn mowers and lawn tractors.