Nintendo (OTCMKTS:NTDOY) Shares Gap Down – What’s Next?

Nintendo Co. (OTCMKTS:NTDOY) shares gapped down prior to trading on Monday . The stock had previously closed at $17.01, but opened at $16.42. Nintendo shares last traded at $16.43, with a volume of 167,824 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on NTDOY shares. Freedom Capital upgraded shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday. Wedbush downgraded shares of Nintendo from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 17th. Finally, Wolfe Research lowered shares of Nintendo from a “peer perform” rating to an “underperform” rating in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Nintendo Stock Performance

The company’s 50 day simple moving average is $20.51 and its 200 day simple moving average is $21.66. The stock has a market cap of $86.75 billion, a PE ratio of 31.51 and a beta of 0.59.

Nintendo (OTCMKTS:NTDOY) last released its 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 during the quarter, compared to analyst estimates of $464.35 billion. Nintendo had a return on equity of 12.26% and a net margin of 21.10%. Equities research analysts expect that Nintendo Co. will post 0.44 earnings per share for the current year.

Hedge Funds Weigh In On Nintendo

Several institutional investors have recently bought and sold shares of NTDOY. Salomon & Ludwin LLC grew its holdings in Nintendo by 76.1% during the third 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. grew its stake in shares of Nintendo by 34.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock worth $59,000 after acquiring an additional 637 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Nintendo by 13.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock worth $145,000 after acquiring an additional 724 shares during the period. Diversified Trust Co increased its holdings in Nintendo by 18.6% in the 3rd quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock worth $260,000 after acquiring an additional 1,882 shares during the last quarter. Finally, Atlatl Advisers LLC bought a new stake in Nintendo in the 3rd quarter valued at about $462,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.

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.