Nintendo (OTCMKTS:NTDOY) Hits New 12-Month Low – Here’s Why

Shares of Nintendo Co. (OTCMKTS:NTDOY) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $15.12 and last traded at $15.17, with a volume of 860009 shares. The stock had previously closed at $16.26.

Analysts Set New Price Targets

NTDOY has been the subject of several research reports. UBS Group raised Nintendo from a “sell” rating to a “neutral” rating in a report on Wednesday. Wolfe Research raised Nintendo from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 22nd. Macquarie raised Nintendo from a “neutral” rating to an “outperform” rating in a report on Tuesday. Zacks Research upgraded Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, China Renaissance reaffirmed a “sell” rating on shares of Nintendo in a report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Nintendo Trading Down 8.2%

The business has a fifty day moving average of $17.25 and a 200-day moving average of $20.41. The firm has a market cap of $70.54 billion, a PE ratio of 23.82 and a beta of 0.56.

Nintendo (OTCMKTS:NTDOY) last posted its earnings results on Tuesday, November 4th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. Nintendo had a return on equity of 13.16% and a net margin of 18.91%.The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $464.35 billion. On average, equities analysts forecast that Nintendo Co. will post 0.44 EPS for the current year.

Institutional Trading of Nintendo

Several institutional investors and hedge funds have recently bought and sold shares of the company. Impala Asset Management LLC purchased a new stake in shares of Nintendo in the second quarter worth $1,720,000. PNC Financial Services Group Inc. grew its position in Nintendo by 13.6% during the second quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock worth $145,000 after buying an additional 724 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Nintendo by 34.9% in 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 last quarter. Confluence Investment Management LLC increased its stake in Nintendo by 4.0% in the 4th quarter. Confluence Investment Management LLC now owns 67,829 shares of the company’s stock worth $1,144,000 after acquiring an additional 2,628 shares during the last quarter. Finally, Dorsey Wright & Associates purchased a new stake in shares of Nintendo in the 3rd quarter valued at about $1,562,000. 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.