Nissan Motor (OTCMKTS:NSANY) Shares Gap Up - Time to Buy?

Key Points

• Shares gapped up premarket from $4.67 to $4.99 but were last trading around $4.71 on light volume, indicating limited follow-through.
• Analyst sentiment is mixed: two recent upgrades to "Hold" (including Nomura) but one "Sell" leaves an average MarketBeat rating of "Reduce".
• Nissan beat EPS expectations with ($0.27) last quarter (vs. a ($0.41) estimate) but revenue slightly missed and the company still posts negative net margin and ROE; analysts expect 0.14 EPS for the year.

Nissan Motor Co. (OTCMKTS:NSANY - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $4.67, but opened at $4.99. Nissan Motor shares last traded at $4.71, with a volume of 25,371 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NSANY. Wall Street Zen upgraded shares of Nissan Motor from a "sell" rating to a "hold" rating in a research report on Wednesday, January 7th. Nomura upgraded Nissan Motor to a "hold" rating in a report on Friday, February 13th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce".

Nissan Motor Price Performance

The stock has a market cap of $8.73 billion, a price-to-earnings ratio of -1.37 and a beta of 0.40. The company has a 50 day simple moving average of $5.19 and a 200-day simple moving average of $4.95. 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 - Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.41) by $0.14. The business had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.67 billion. Nissan Motor had a negative return on equity of 5.05% and a negative net margin of 7.62%. Research analysts expect that Nissan Motor Co. will post 0.14 EPS for the current 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.

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