Nissan Motor (OTCMKTS:NSANY) Shares Pass Below 50-Day Moving Average of $5.92

Nissan Motor Co., Ltd. (OTCMKTS:NSANY)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.92 and traded as low as $5.69. Nissan Motor shares last traded at $5.69, with a volume of 231,328 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Bank of America downgraded Nissan Motor from a “buy” rating to an “underperform” rating in a research report on Tuesday, September 17th.

Nissan Motor Stock Performance

The company has a debt-to-equity ratio of 0.83, a current ratio of 1.86 and a quick ratio of 1.56. The firm has a market capitalization of $11.12 billion, a PE ratio of 3.72, a P/E/G ratio of 0.25 and a beta of 1.01. The company’s fifty day simple moving average is $5.92 and its 200 day simple moving average is $6.81.

Nissan Motor (OTCMKTS:NSANY) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.10 EPS for the quarter. Nissan Motor had a net margin of 2.78% and a return on equity of 6.52%. The company had revenue of $19.23 billion for the quarter. As a group, equities research analysts expect that Nissan Motor Co., Ltd. will post 0.99 EPS for the current fiscal year.

About Nissan Motor

Nissan Motor Co, Ltd. manufactures and sells vehicles and automotive parts worldwide. It sells vehicles under the Nissan and Infiniti brands. The company offers vehicle and vehicle parts; engines, manual transmissions, and multiplier/reducer units; automotive parts; axles; and other related components.