Nintendo (OTCMKTS:NTDOY) Shares Gap Down – Time to Sell?

by · The Cerbat Gem

Nintendo Co. (OTCMKTS:NTDOY – Get Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $16.42, but opened at $15.66. Nintendo shares last traded at $15.60, with a volume of 718,591 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NTDOY shares. Wolfe Research lowered shares of Nintendo from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, November 5th. Wedbush downgraded shares of Nintendo from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 17th. Finally, Freedom Capital upgraded shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Nintendo currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Report on Nintendo

Nintendo Stock Up 2.2%

The stock has a market cap of $85.09 billion, a P/E ratio of 30.91 and a beta of 0.58. The business’s 50-day simple moving average is $18.90 and its two-hundred day simple moving average is $21.05.

Nintendo (OTCMKTS:NTDOY – Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $464.35 billion. Nintendo had a net margin of 21.10% and a return on equity of 12.26%. Analysts anticipate that Nintendo Co. will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nintendo

Large investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC raised its stake in shares of Nintendo by 76.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock valued at $40,000 after purchasing an additional 809 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Nintendo by 34.9% in the second quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock worth $59,000 after buying an additional 637 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Nintendo by 13.6% in the second quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock valued at $145,000 after acquiring an additional 724 shares during the period. Diversified Trust Co grew its stake in Nintendo by 18.6% during the third quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock valued at $260,000 after acquiring an additional 1,882 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Nintendo by 27.0% in the 2nd quarter. GAMMA Investing LLC now owns 20,400 shares of the company’s stock worth $490,000 after purchasing an additional 4,338 shares in the last quarter. 0.02% of the stock is owned by institutional investors.

About Nintendo

(Get Free Report)

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.

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