Nintendo (OTCMKTS:NTDOY) Stock Price Up 2.8% – Here’s What Happened

by · The Markets Daily

Shares of Nintendo Co. (OTCMKTS:NTDOY – Get Free Report) were up 2.8% on Friday . The stock traded as high as $17.20 and last traded at $17.1750. Approximately 85,688 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 1,758,516 shares. The stock had previously closed at $16.70.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wolfe Research lowered shares of Nintendo from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, November 5th. Wedbush lowered shares of Nintendo from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 17th. Finally, Freedom Capital raised shares of Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday. Two equities research 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 stock. According to MarketBeat, Nintendo has an average rating of “Moderate Buy”.

Read Our Latest Research Report on Nintendo

Nintendo Price Performance

The firm has a fifty day moving average of $20.36 and a 200 day moving average of $21.59. The stock has a market capitalization of $89.45 billion, a price-to-earnings ratio of 32.49 and a beta of 0.59.

Nintendo (OTCMKTS:NTDOY – Get Free Report) last posted 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 firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $464.35 billion. Nintendo had a net margin of 21.10% and a return on equity of 12.26%. Research analysts predict that Nintendo Co. will post 0.44 EPS for the current year.

Hedge Funds Weigh In On Nintendo

A number of large investors have recently bought and sold shares of NTDOY. Dorsey Wright & Associates purchased a new position in Nintendo during the third quarter worth approximately $1,562,000. PNC Financial Services Group Inc. lifted its position in shares of Nintendo by 30.6% during 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 in the last quarter. AdvisorShares Investments LLC acquired a new stake in Nintendo in the 3rd quarter valued at $1,052,000. Appleton Partners Inc. MA increased its holdings in Nintendo by 0.7% in the 3rd quarter. Appleton Partners Inc. MA now owns 127,279 shares of the company’s stock worth $2,716,000 after acquiring an additional 837 shares in the last quarter. Finally, Atlatl Advisers LLC acquired a new position in Nintendo during the third quarter worth $462,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

Nintendo Company Profile

(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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