Nissan Motor (OTCMKTS:NSANY) Shares Gap Down – What’s Next?

Shares of Nissan Motor Co. (OTCMKTS:NSANY) gapped down prior to trading on Wednesday . The stock had previously closed at $4.88, but opened at $4.6701. Nissan Motor shares last traded at $4.69, with a volume of 45,250 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Nissan Motor from a “sell” rating to a “hold” rating in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Nissan Motor Stock Down 4.1%

The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 1.38. The stock has a 50 day simple moving average of $4.98 and a 200-day simple moving average of $4.79. The firm has a market cap of $8.69 billion, a PE ratio of -1.38 and a beta of 0.44.

Nissan Motor (OTCMKTS:NSANY) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.52. Nissan Motor had a negative net margin of 7.39% and a negative return on equity of 3.09%. The firm had revenue of $19.24 billion for the quarter, compared to analysts’ expectations of $19.43 billion. Sell-side analysts predict that Nissan Motor Co. will post 0.14 EPS for the current fiscal 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.