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

Shares of Nintendo Co. (OTCMKTS:NTDOY) gapped down before the market opened on Wednesday . The stock had previously closed at $13.9450, but opened at $13.55. Nintendo shares last traded at $13.53, with a volume of 153,050 shares.

Analyst Ratings Changes

Several equities research analysts recently commented on NTDOY shares. Benchmark reaffirmed a “buy” rating on shares of Nintendo in a research report on Monday, May 11th. Citigroup reiterated a “buy” rating on shares of Nintendo in a research note on Friday, August 14th. One research 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Nintendo Price Performance

The firm has a 50-day moving average of $11.46 and a 200 day moving average of $12.65. The stock has a market capitalization of $71.08 billion, a price-to-earnings ratio of 20.92 and a beta of 0.39.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.20 earnings per share for the quarter, beating 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, equities analysts forecast that Nintendo Co. will post 0.55 earnings per share for the current year.

Hedge Funds Weigh In On Nintendo

A number of institutional investors have recently added to or reduced their stakes in NTDOY. O Brien Greene & Co. Inc lifted its stake in Nintendo by 2.1% in the fourth quarter. O Brien Greene & Co. Inc now owns 38,050 shares of the company’s stock valued at $642,000 after acquiring an additional 800 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Nintendo by 13.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,964 shares of the company’s stock valued at $151,000 after acquiring an additional 1,073 shares during the period. Hantz Financial Services Inc. acquired a new position in shares of Nintendo during the 4th quarter worth about $875,000. AdvisorShares Investments LLC increased its stake in shares of Nintendo by 4.9% during the 4th quarter. AdvisorShares Investments LLC now owns 51,703 shares of the company’s stock worth $872,000 after purchasing an additional 2,413 shares during the last quarter. Finally, DRW Securities LLC bought a new stake in shares of Nintendo in the 4th quarter valued at about $295,000. 0.02% of the stock is currently owned by institutional investors and hedge funds.

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.