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

Shares of Nintendo Co. (OTCMKTS:NTDOY) gapped down prior to trading on Tuesday . The stock had previously closed at $15.02, but opened at $14.07. Nintendo shares last traded at $14.01, with a volume of 1,154,407 shares.

Analyst Ratings Changes

NTDOY has been the subject of several recent analyst reports. Wolfe Research upgraded Nintendo from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 22nd. China Renaissance reissued a “sell” rating on shares of Nintendo in a report on Wednesday, February 4th. Zacks Research downgraded Nintendo from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. UBS Group upgraded Nintendo from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 4th. Finally, Freedom Capital upgraded shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Nintendo Price Performance

The company has a fifty day moving average of $14.99 and a two-hundred day moving average of $18.48. The stock has a market capitalization of $73.27 billion, a P/E ratio of 24.75 and a beta of 0.57.

Nintendo (OTCMKTS:NTDOY) last issued its earnings results on Tuesday, February 3rd. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.29 billion. Nintendo had a return on equity of 13.03% and a net margin of 18.91%.Nintendo has set its FY 2025 guidance at 0.488-0.488 EPS. As a group, equities research analysts predict that Nintendo Co. will post 0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Nintendo

A number of institutional investors have recently modified their holdings of the business. Dorsey Wright & Associates acquired a new stake in Nintendo during the third quarter worth about $1,562,000. Impala Asset Management LLC bought a new position in shares of Nintendo during the second quarter valued at approximately $1,720,000. Hantz Financial Services Inc. bought a new position in shares of Nintendo during the fourth quarter valued at approximately $875,000. AdvisorShares Investments LLC acquired a new stake in shares of Nintendo during the 3rd quarter worth approximately $1,052,000. Finally, Atlatl Advisers LLC bought a new stake in shares of Nintendo in the 3rd quarter worth approximately $462,000. Institutional investors own 0.02% of the company’s stock.

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.