Nintendo (OTCMKTS:NTDOY) Shares Gap Down on Analyst Downgrade

Nintendo Co. (OTCMKTS:NTDOY) shares gapped down before the market opened on Friday after UBS Group downgraded the stock from a neutral rating to a sell rating. The stock had previously closed at $12.8118, but opened at $12.42. Nintendo shares last traded at $12.38, with a volume of 362,620 shares changing hands.

Other equities research analysts have also issued reports about the stock. BNP Paribas Exane assumed coverage on shares of Nintendo in a research report on Tuesday. They set a “neutral” rating for the company. Citigroup reissued a “buy” rating on shares of Nintendo in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. purchased a new stake in Nintendo in the 4th quarter worth approximately $875,000. Appleton Partners Inc. MA increased its stake in shares of Nintendo by 27.9% during the first quarter. Appleton Partners Inc. MA now owns 163,035 shares of the company’s stock valued at $2,248,000 after buying an additional 35,581 shares during the period. AdvisorShares Investments LLC raised its holdings in shares of Nintendo by 4.9% during the fourth quarter. AdvisorShares Investments LLC now owns 51,703 shares of the company’s stock valued at $872,000 after acquiring an additional 2,413 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Nintendo by 11.4% during the first quarter. PNC Financial Services Group Inc. now owns 9,987 shares of the company’s stock valued at $143,000 after acquiring an additional 1,023 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake 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 during the period. 0.02% of the stock is owned by institutional investors.

Nintendo Price Performance

The company has a market cap of $63.75 billion, a PE ratio of 18.76 and a beta of 0.43. The business has a 50 day moving average of $12.91 and a 200 day moving average of $12.52.

Nintendo (OTCMKTS:NTDOY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. Nintendo had a net margin of 21.00% and a return on equity of 16.31%. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $2.72 billion. Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS. Sell-side analysts forecast that Nintendo Co. will post 0.58 EPS for the current fiscal year.

About Nintendo

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.