Large Outflow of Money Witnessed in Honda Motor Company, Ltd.

Honda Motor Company, Ltd. (HMC) managed to eke out gains of 0.77% in intraday trade. The share price increased by 0.23 points to $29.95. Till last observation, the net money flow was recorded at a negative $(-1.51) million. The total inflow of $1.62 million in upticks was completely overshadowed by an outflow of $3.13 million in downticks, giving the up/down ratio a value of 0.52. The shares have seen a change of -0.43% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $0 million and the composite value in downticks was $1.13 million. The resultant up/down ratio for the block exchange was 0. The block trade had a negative money flow of $(-1.13) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Honda Motor Co., Ltd. has dropped 2.7% in the last five trading days, however, the shares have posted positive gains of 2.64% in the last 4 weeks. Honda Motor Co., Ltd. is up 0.44% in the last 3-month period. Year-to-Date the stock performance stands at 2.64%. Honda Motor Company, Ltd. (NYSE:HMC) rose 0.81% or 0.24 points on Wednesday and made its way into the gainers of the day. After trading began at $30.23 the stock was seen hitting $30.23 as a peak level and $29.89 as the lowest level. The stock ended up at $29.96. The daily volume was measured at 982,056 shares. The 52-week high of the share price is $31.18 and the 52-week low is $24.0349. The company has a market cap of $53,996 million.

Honda Motor Co Ltd (ADR) Last issued its quarterly earnings results on Oct 31, 2016. The company reported $98.26 EPS for the quarter, beating the analyst consensus estimate by $ 36.42. Analyst had a consensus of $61.84. The company had revenue of $3262900.00 million for the quarter, compared to analysts expectations of $3321755.29 million. The companys revenue was down -9.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $70.88 EPS.

Honda manufactures a wide range of products, including motorcycles, ATVs, generators, marine engines, lawn and garden equipment and automobiles. Historically, Honda has been a leader in fuel-efficiency and low-emission technology.


Share this post

Leave a Reply