Nintendo (OTCMKTS:NTDOY) Trading Down 1.7% – What’s Next?

Shares of Nintendo Co. (OTCMKTS:NTDOY) fell 1.7% on Monday . The company traded as low as $19.60 and last traded at $19.61. 2,218,844 shares changed hands during trading, an increase of 128% from the average session volume of 972,195 shares. The stock had previously closed at $19.94.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NTDOY shares. Wolfe Research cut Nintendo from a “peer perform” rating to an “underperform” rating in a report on Wednesday, November 5th. Wedbush lowered shares of Nintendo from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Nintendo Trading Down 1.7%

The business’s 50-day simple moving average is $21.18 and its two-hundred day simple moving average is $21.88. The firm has a market cap of $101.87 billion, a price-to-earnings ratio of 37.00 and a beta of 0.59.

Nintendo (OTCMKTS:NTDOY) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. Nintendo had a net margin of 21.10% and a return on equity of 12.26%. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $464.35 billion. On average, analysts forecast that Nintendo Co. will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nintendo

Several institutional investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC raised its holdings in shares of Nintendo by 76.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock worth $40,000 after acquiring an additional 809 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Nintendo by 34.9% in the second quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock valued at $59,000 after purchasing an additional 637 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Nintendo by 16.4% during the first quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company’s stock valued at $91,000 after buying an additional 749 shares during the last quarter. Diversified Trust Co grew its holdings in Nintendo by 18.6% during the third quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock worth $260,000 after buying an additional 1,882 shares in the last quarter. Finally, Atlatl Advisers LLC bought a new position in Nintendo during the 3rd quarter valued at $462,000. 0.02% of the stock is owned by institutional investors and hedge funds.

Nintendo Company Profile

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.