Nintendo (OTCMKTS:NTDOY) Shares Down 6.8% – Here’s Why

Nintendo Co. (OTCMKTS:NTDOYGet Free Report)’s stock price dropped 6.8% during trading on Wednesday . The company traded as low as $12.85 and last traded at $12.95. 1,045,322 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 3,234,394 shares. The stock had previously closed at $13.90.

Analyst Ratings Changes

Separately, Citigroup restated a “buy” rating on shares of Nintendo in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned 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, the company currently has an average rating of “Hold”.

Read Our Latest Stock Analysis on NTDOY

Nintendo Stock Down 6.4%

The firm has a market capitalization of $66.99 billion, a PE ratio of 19.71 and a beta of 0.43. The company’s 50-day simple moving average is $12.37 and its 200 day simple moving average is $12.58.

Nintendo (OTCMKTS:NTDOYGet Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $2.72 billion. Nintendo had a net margin of 21.00% and a return on equity of 16.11%. Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS. On average, sell-side analysts forecast that Nintendo Co. will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nintendo

Several institutional investors and hedge funds have recently bought and sold shares of NTDOY. Hantz Financial Services Inc. acquired a new stake in shares of Nintendo in the 4th quarter worth $875,000. O Brien Greene & Co. Inc increased its position in Nintendo by 2.1% during the 4th quarter. O Brien Greene & Co. Inc now owns 38,050 shares of the company’s stock valued at $642,000 after buying an additional 800 shares in the last quarter. DRW Securities LLC acquired a new position in Nintendo during the 4th quarter valued at about $295,000. PNC Financial Services Group Inc. raised its stake in Nintendo by 13.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,964 shares of the company’s stock valued at $151,000 after buying an additional 1,073 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Nintendo by 47.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,100 shares of the company’s stock worth $32,000 after acquiring an additional 1,000 shares in the last quarter. 0.02% of the stock is owned by hedge funds and other institutional investors.

Nintendo Company Profile

(Get Free Report)

Nintendo Co, Ltd. is a Japan-based entertainment company that develops and publishes interactive video games and related hardware, software and digital content. Its business centers on dedicated gaming platforms, first-party software and accessories, supported by a portfolio of globally recognized intellectual properties, including Mario, The Legend of Zelda, Pokémon, Animal Crossing and Splatoon.

The company’s current platform business includes the Nintendo Switch family of consoles, along with downloadable games, add-on content and subscription services distributed through Nintendo eShop and Nintendo Switch Online.

Further Reading

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