Nintendo (OTCMKTS:NTDOY) Trading Down 4.8% – Here’s Why

Nintendo Co. (OTCMKTS:NTDOY)’s stock price traded down 4.8% on Thursday . The company traded as low as $11.33 and last traded at $11.37. 86,536 shares were traded during mid-day trading, a decline of 97% from the average session volume of 3,173,391 shares. The stock had previously closed at $11.94.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Benchmark reaffirmed a “buy” rating on shares of Nintendo in a research report on Monday, May 11th. TD Cowen reaffirmed a “buy” rating on shares of Nintendo in a research report on Tuesday, April 14th. China Renaissance reaffirmed a “sell” rating on shares of Nintendo in a research report on Wednesday, February 4th. UBS Group upgraded shares of Nintendo from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 4th. Finally, Zacks Research cut shares of Nintendo from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Nintendo Trading Down 1.4%

The company has a market cap of $58.60 billion, a P/E ratio of 18.97 and a beta of 0.41. The stock’s 50 day moving average is $13.16 and its 200-day moving average is $15.87.

Nintendo (OTCMKTS:NTDOY) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Nintendo had a net margin of 18.33% and a return on equity of 13.82%. Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS. As a group, sell-side analysts forecast that Nintendo Co. will post 0.51 EPS for the current year.

Hedge Funds Weigh In On Nintendo

A number of hedge funds have recently bought and sold shares of NTDOY. Atlatl Advisers LLC bought a new position in Nintendo in the 3rd quarter worth about $462,000. Appleton Partners Inc. MA lifted its stake in Nintendo by 0.7% during the 3rd quarter. Appleton Partners Inc. MA now owns 127,279 shares of the company’s stock valued at $2,716,000 after acquiring an additional 837 shares during the period. AdvisorShares Investments LLC bought a new position in Nintendo during the 3rd quarter valued at about $1,052,000. PNC Financial Services Group Inc. lifted its stake in Nintendo by 30.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,891 shares of the company’s stock valued at $168,000 after acquiring an additional 1,851 shares during the period. Finally, Dorsey Wright & Associates bought a new position in Nintendo during the 3rd quarter valued at about $1,562,000. Institutional investors own 0.02% of the company’s stock.

About Nintendo

Nintendo Co, Ltd., headquartered in Kyoto, Japan, is a global entertainment company best known for designing, manufacturing and marketing video game hardware and software. Founded in 1889 as a playing-card company, Nintendo transitioned into electronic entertainment in the latter half of the 20th century and has since become one of the most recognizable names in interactive entertainment. The company serves markets worldwide, with major operations and customer bases in Japan, North America and Europe, and it maintains a presence through regional subsidiaries, distribution partners and digital storefronts.

Nintendo’s business spans console and handheld hardware, first-party software titles, digital services and licensing.