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

Shares of Nintendo Co. (OTCMKTS:NTDOY) fell 6.8% during trading on Tuesday . The stock traded as low as $11.38 and last traded at $11.40. 1,491,232 shares traded hands during trading, a decline of 52% from the average session volume of 3,135,808 shares. The stock had previously closed at $12.23.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NTDOY. TD Cowen reissued a “buy” rating on shares of Nintendo in a research report on Tuesday, April 14th. Benchmark reaffirmed a “buy” rating on shares of Nintendo in a research note on Monday, May 11th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Nintendo Price Performance

The firm has a 50-day moving average of $12.34 and a 200 day moving average of $15.00. The stock has a market capitalization of $57.10 billion, a price-to-earnings ratio of 18.48 and a beta of 0.38.

Nintendo (OTCMKTS:NTDOY) last released its earnings results on Friday, May 8th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Nintendo had a net margin of 18.33% and a return on equity of 13.74%. The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS. On average, equities analysts forecast that Nintendo Co. will post 0.53 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dorsey Wright & Associates bought a new position in Nintendo during the third quarter worth $1,562,000. Hantz Financial Services Inc. bought a new stake in shares of Nintendo during the 4th quarter worth about $875,000. PNC Financial Services Group Inc. grew its stake in Nintendo by 30.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,891 shares of the company’s stock valued at $168,000 after buying an additional 1,851 shares during the last quarter. Appleton Partners Inc. MA raised its holdings in Nintendo by 27.9% in the 1st quarter. Appleton Partners Inc. MA now owns 163,035 shares of the company’s stock valued at $2,248,000 after acquiring an additional 35,581 shares during the period. Finally, DRW Securities LLC acquired a new stake in Nintendo during the fourth quarter worth approximately $295,000. 0.02% of the stock is currently owned by institutional investors.

Nintendo Company Profile

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.