Nintendo (OTCMKTS:NTDOY) Stock Passes Below 50-Day Moving Average – Here’s Why

Shares of Nintendo Co. (OTCMKTS:NTDOY) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.40 and traded as low as $11.27. Nintendo shares last traded at $11.44, with a volume of 3,505,007 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently commented on NTDOY shares. Benchmark reissued a “buy” rating on shares of Nintendo in a research report on Monday, May 11th. China Renaissance reissued a “sell” rating on shares of Nintendo in a research report on Wednesday, February 4th. Wolfe Research raised shares of Nintendo from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 22nd. UBS Group raised shares of Nintendo from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 4th. Finally, Zacks Research cut shares of Nintendo from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Nintendo Price Performance

The business’s 50-day moving average price is $13.40 and its 200 day moving average price is $16.10. The firm has a market capitalization of $58.91 billion, a price-to-earnings ratio of 19.07 and a beta of 0.41.

Nintendo (OTCMKTS:NTDOY) last posted its earnings results on Friday, May 8th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business 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 expect that Nintendo Co. will post 0.53 earnings per share for the current year.

Institutional Trading of Nintendo

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dorsey Wright & Associates bought a new stake in shares of Nintendo in the third quarter worth $1,562,000. AdvisorShares Investments LLC bought a new stake in shares of Nintendo in the third quarter worth $1,052,000. Atlatl Advisers LLC bought a new stake in shares of Nintendo in the third quarter worth $462,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Nintendo by 322.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,225 shares of the company’s stock worth $71,000 after buying an additional 3,225 shares during the last quarter. Finally, DRW Securities LLC bought a new stake in shares of Nintendo in the fourth quarter worth $295,000. 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.