Nissan Motor Co Ltd (7201.T)’s shares dropped by 11.6 percent reaching a seven-month low at 850 yen on Tuesday morning with the carmaker reducing its annual net profit outlook as it deals with a slowdown in emerging markets and quality issues.

The stock was the third-most traded on the main board by turnover.

The carmaker decreased its net profit projection for the year ending March 2014 to 355 billion yen ($3.6 billion) from 420 billion yen after the market close on Friday.

Japanese markets were closed for a public holiday on Monday.