Nintendo (OTCMKTS:NTDOY) Trading Down 6.8% – Here’s Why

Nintendo Co. (OTCMKTS:NTDOY) shares dropped 6.8% during mid-day trading on Wednesday . The stock traded as low as $12.85 and last traded at $12.95. Approximately 1,045,322 shares changed hands during trading, a decline of 68% from the average session volume of 3,234,394 shares. The stock had previously closed at $13.90.

Analyst Ratings Changes

Separately, Citigroup reiterated a “buy” rating on shares of Nintendo in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Nintendo Price Performance

The business has a fifty day moving average price of $12.37 and a two-hundred day moving average price of $12.58. The firm has a market capitalization of $66.99 billion, a price-to-earnings ratio of 19.71 and a beta of 0.43.

Nintendo (OTCMKTS:NTDOY) last released its earnings results on Thursday, August 6th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $2.72 billion. Nintendo had a return on equity of 16.11% and a net margin of 21.00%.Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS. On average, research analysts predict that Nintendo Co. will post 0.55 earnings per share for the current year.

Institutional Trading of Nintendo

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Nintendo by 47.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,100 shares of the company’s stock worth $32,000 after purchasing an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Nintendo by 11.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,987 shares of the company’s stock valued at $143,000 after buying an additional 1,023 shares during the last quarter. DRW Securities LLC acquired a new position in shares of Nintendo in the 4th quarter valued at about $295,000. O Brien Greene & Co. Inc lifted its holdings in shares of Nintendo by 2.1% in the 4th quarter. O Brien Greene & Co. Inc now owns 38,050 shares of the company’s stock valued at $642,000 after buying an additional 800 shares during the period. Finally, AdvisorShares Investments LLC lifted its holdings in shares of Nintendo by 4.9% in the 4th quarter. AdvisorShares Investments LLC now owns 51,703 shares of the company’s stock valued at $872,000 after buying an additional 2,413 shares during the period. Institutional investors and hedge funds own 0.02% of the company’s stock.

About Nintendo

Nintendo Co, Ltd. is a Japan-based entertainment company that develops and publishes interactive video games and related hardware, software and digital content. Its business centers on dedicated gaming platforms, first-party software and accessories, supported by a portfolio of globally recognized intellectual properties, including Mario, The Legend of Zelda, Pokémon, Animal Crossing and Splatoon.

The company’s current platform business includes the Nintendo Switch family of consoles, along with downloadable games, add-on content and subscription services distributed through Nintendo eShop and Nintendo Switch Online.