Nintendo (OTCMKTS:NTDOY) Hits New 52-Week Low – Here’s Why

Nintendo Co. (OTCMKTS:NTDOY)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $10.38 and last traded at $10.39, with a volume of 1629638 shares. The stock had previously closed at $10.52.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NTDOY. TD Cowen reaffirmed a “buy” rating on shares of Nintendo in a report on Tuesday, April 14th. Benchmark reaffirmed a “buy” rating on shares of Nintendo in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Nintendo Stock Down 1.7%

The firm’s fifty day moving average price is $11.56 and its two-hundred day moving average price is $14.07. The stock has a market capitalization of $52.47 billion, a PE ratio of 16.98 and a beta of 0.38.

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

Hedge Funds Weigh In On Nintendo

Institutional investors and hedge funds have recently modified their holdings of the company. Dorsey Wright & Associates bought a new stake in shares of Nintendo in the third quarter worth $1,562,000. Hantz Financial Services Inc. bought a new position in Nintendo in the fourth quarter valued at about $875,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Nintendo by 322.5% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,225 shares of the company’s stock valued at $71,000 after acquiring an additional 3,225 shares during the period. DRW Securities LLC purchased a new position in Nintendo in the fourth quarter worth about $295,000. Finally, PNC Financial Services Group Inc. boosted its position in Nintendo by 13.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,964 shares of the company’s stock worth $151,000 after purchasing an additional 1,073 shares during the last quarter. 0.02% of the stock is currently owned by hedge funds and other institutional investors.

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.