Tata Motors Limited (NYSE:TTM) was downgraded by equities research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Wednesday. Tata Motors Limited (ADR) (NYSE:TTM) net profit margin is 5.30% and weekly performance is 0.05%. On last trading day company shares ended up $40.70. Analysts mean target price for the company is $34.65. Tata Motors Limited (ADR) (NYSE:TTM) distance from 50-day simple moving average (SMA50) is 10.35%.
Honda Motor Co. (NYSE:HMC), the world’s biggest motorcycle maker, cut its forecast for India’s two-wheeler market after economic growth in the country cooled. Industry deliveries in India will probably expand to 20 million to 25 million units by 2020 in India, fewer than Honda’s earlier projection of 30 million, Shinji Aoyama, operating officer in charge of motorcycle operations, said in an interview yesterday. Motorcycles accounted for more than 20 percent of the Tokyo-based company’s operating profit last fiscal year. Honda Motor Co Ltd (ADR) (NYSE:HMC) shares advanced 1.31% in last trading session and ended the day on $34.71. HMC gross Margin is 26.00% and its return on assets is 3.80%.Honda Motor Co Ltd (ADR) (NYSE:HMC) quarterly performance is -3.90%.
SORL Auto Parts, Inc. (NASDAQ:SORL), a leading manufacturer and distributor of automotive brake systems as well as other key safety-related auto parts in China, announced on 16 may its unaudited financial results for the first quarter ended March 31, 2014. Revenues for the first quarter of 2014 increased by 21.1% to $50.0 million. Gross margin increased to 30.8% in the first quarter of 2014. Net Income increased by 124.6% to $2.8 million, or $0.14 per diluted share. Sorl Auto Parts, Inc. (NASDAQ:SORL) shares moved up 2.05% in last trading session and was closed at $3.48, while trading in range of $3.40 – $3.59. Sorl Auto Parts, Inc. (NASDAQ:SORL) year to date (YTD) performance is -12.56%.
Toyota Motor Corporation (NYSE:TM) is recalling 516,000 vehicles worldwide, according to media reports. Of these, 430,500 cars were recalled in the U.S. The automaker recalled the vehicles due to three different safety issues. Toyota Motor Corp (ADR) (NYSE:TM) ended the last trading day at $109.64. Company weekly volatility is calculated as 0.67% and price to cash ratio as 4.46.Toyota Motor Corp (ADR) (NYSE:TM) showed a positive weekly performance of 0.03%.
Nissan Motor Co., Ltd. (ADR) (OTCMKTS:NSANY) announced the launch of the New Skyline 200GT-t (the next-generation turbo model) with a high-power, fuel-efficient lightweight turbocharged gasoline engine with maximum power output of 155kW (211ps), which goes on sale on June 5, 2014 at Nissan dealers throughout Japan. Nissan Motor Co., Ltd. weekly performance is 1.98%. On last trading day company shares ended up $18.02. Analysts mean target price for the company is $18.78. Nissan Motor Co., Ltd. (ADR) (OTCMKTS:NSANY) distance from 50-day simple moving average (SMA50) is 3.04%.
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