Nissan Motor (OTCMKTS:NSANY) Shares Gap Up – Still a Buy?

Nissan Motor Co. (OTCMKTS:NSANY) gapped up prior to trading on Monday . The stock had previously closed at $4.86, but opened at $5.00. Nissan Motor shares last traded at $4.9055, with a volume of 64,690 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Nissan Motor from a “hold” rating to a “sell” rating in a report on Thursday, September 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Nissan Motor presently has an average rating of “Sell”.

Nissan Motor Stock Performance

The firm has a market cap of $9.10 billion, a price-to-earnings ratio of -1.45 and a beta of 0.48. The firm’s 50 day moving average is $4.83 and its 200-day moving average is $4.74. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.38 and a current ratio of 1.60.

Nissan Motor (OTCMKTS:NSANY) last posted its earnings results on Thursday, November 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.52. The company 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%. Sell-side analysts anticipate that Nissan Motor Co. will post 0.14 earnings per share for the current fiscal year.

About Nissan Motor

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.