Nissan Motor (OTCMKTS:NSANY) Shares Gap Down – Here’s Why

Nissan Motor Co. (OTCMKTS:NSANY) gapped down before the market opened on Friday . The stock had previously closed at $5.14, but opened at $4.98. Nissan Motor shares last traded at $5.2225, with a volume of 8,694 shares.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Nissan Motor from a “sell” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Nissan Motor Stock Performance

The stock’s fifty day simple moving average is $4.85 and its 200-day simple moving average is $4.75. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of -1.54 and a beta of 0.44. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 1.02.

Nissan Motor (OTCMKTS:NSANY) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.52. The business had revenue of $19.24 billion for the quarter, compared to analyst estimates of $19.43 billion. Nissan Motor had a negative return on equity of 3.09% and a negative net margin of 7.39%. Analysts predict that Nissan Motor Co. will post 0.14 EPS for the current year.

Nissan Motor Company Profile

Nissan Motor Co, Ltd. is a global automotive manufacturer headquartered in Yokohama, Japan, known for the design, development, production and sale of a wide range of vehicles. The company’s core business includes passenger cars, crossovers, trucks and commercial vehicles, as well as luxury models sold under its Infiniti brand. Nissan is also a pioneer in electric vehicle technology, having introduced its flagship EV model, the Leaf, which has become one of the world’s best-selling electric cars.

In addition to conventional internal combustion engines, Nissan has invested heavily in hybrid and battery-electric powertrains, advanced driver-assistance systems and connected-car technologies.