Nissan Motor (OTCMKTS:NSANY) Sees Strong Trading Volume – Still a Buy?

Nissan Motor Co. (OTCMKTS:NSANY) shares saw strong trading volume on Thursday . 250,206 shares changed hands during trading, an increase of 69% from the previous session’s volume of 147,699 shares.The stock last traded at $5.6325 and had previously closed at $5.92.

Analyst Ratings Changes

NSANY has been the topic of several recent analyst reports. Wall Street Zen raised shares of Nissan Motor from a “sell” rating to a “hold” rating in a research note on Wednesday, January 7th. Nomura raised Nissan Motor to a “hold” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Nissan Motor has an average rating of “Reduce”.

Nissan Motor Trading Down 5.2%

The company’s 50 day moving average price is $5.14 and its 200 day moving average price is $4.89. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.38 and a current ratio of 1.60. The company has a market cap of $10.42 billion, a price-to-earnings ratio of -1.63 and a beta of 0.44.

Nissan Motor (OTCMKTS:NSANY) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.14. Nissan Motor had a negative return on equity of 5.05% and a negative net margin of 7.62%.The company had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.67 billion. Research analysts anticipate 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.