Nintendo (OTCMKTS:NTDOY) Shares Gap Down – Here’s What Happened

Nintendo Co. (OTCMKTS:NTDOY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $19.61, but opened at $18.89. Nintendo shares last traded at $19.02, with a volume of 366,100 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently 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 cut Nintendo from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 17th. One equities 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Nintendo Stock Performance

The company has a market capitalization of $96.26 billion, a PE ratio of 34.96 and a beta of 0.59. The business has a fifty day moving average price of $21.06 and a 200 day moving average price of $21.84.

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

Institutional Investors Weigh In On Nintendo

Several institutional investors and hedge funds have recently modified their holdings of NTDOY. Salomon & Ludwin LLC grew its stake in shares of Nintendo by 76.1% in the third quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock valued at $40,000 after buying an additional 809 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Nintendo by 34.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock worth $59,000 after acquiring an additional 637 shares during the period. PNC Financial Services Group Inc. grew its position in Nintendo by 16.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company’s stock valued at $91,000 after acquiring an additional 749 shares in the last quarter. Diversified Trust Co raised its stake in shares of Nintendo by 18.6% during the third quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock valued at $260,000 after purchasing an additional 1,882 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Nintendo by 27.0% during the second quarter. GAMMA Investing LLC now owns 20,400 shares of the company’s stock worth $490,000 after purchasing an additional 4,338 shares in the last quarter. Hedge funds and other institutional investors own 0.02% of the company’s stock.

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.