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

Nissan Motor Co. (OTCMKTS:NSANY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $4.18, but opened at $4.05. Nissan Motor shares last traded at $4.0540, with a volume of 13,268 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Nissan Motor from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 20th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Nissan Motor Stock Up 1.0%

The firm’s 50 day simple moving average is $4.08 and its 200-day simple moving average is $4.43. The company has a market cap of $7.63 billion, a price-to-earnings ratio of -2.69, a P/E/G ratio of 1.79 and a beta of 0.61. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.56 and a quick ratio of 1.36.

Nissan Motor (OTCMKTS:NSANY) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.14) by $0.18. The company had revenue of $18.93 billion for the quarter, compared to analyst estimates of $18.81 billion. Nissan Motor had a negative return on equity of 5.46% and a negative net margin of 3.38%.Nissan Motor has set its FY 2026 guidance at 0.070-0.070 EPS. As a group, sell-side analysts anticipate that Nissan Motor Co. will post 0.08 earnings per share 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.