Nintendo (OTCMKTS:NTDOY) Reaches New 52-Week Low - Here's Why

Key Points

• Nintendo's ADR hit a new 52-week low, sliding intraday to $11.81 and last trading around $11.87 on volume of ~441k shares as the stock traded down roughly 4%.
• Analyst views are mixed—two Strong Buy, one Buy, four Hold and one Sell—resulting in an average rating of Moderate Buy after several recent downgrades and upgrades.
• Latest quarter showed a slight EPS beat ($0.22 vs. $0.20 consensus) but a revenue miss ($5.18B vs. $5.29B est.), with analysts projecting about $0.51 EPS for the current fiscal year.

Nintendo Co. (OTCMKTS:NTDOY - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $11.81 and last traded at $11.8680, with a volume of 441298 shares traded. The stock had previously closed at $12.26.

Analysts Set New Price Targets

Several research analysts recently weighed in on NTDOY shares. Zacks Research downgraded shares of Nintendo from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 6th. China Renaissance reissued a "sell" rating on shares of Nintendo in a research note on Wednesday, February 4th. TD Cowen reissued a "buy" rating on shares of Nintendo in a research note on Tuesday, April 14th. Wolfe Research raised shares of Nintendo from an "underperform" rating to a "peer perform" rating in a research note on Thursday, January 22nd. Finally, UBS Group raised shares of Nintendo from a "sell" rating to a "neutral" rating in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Nintendo Trading Down 4.0%

The stock's 50 day moving average price is $13.83 and its 200 day moving average price is $16.67. The company has a market cap of $60.60 billion, a price-to-earnings ratio of 20.65 and a beta of 0.41.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. Nintendo had a net margin of 18.91% and a return on equity of 13.03%. The company had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.29 billion. On average, equities analysts expect that Nintendo Co. will post 0.51 earnings per share for the current fiscal year.

Institutional Trading of Nintendo

A number of institutional investors have recently modified their holdings of the company. Appleton Partners Inc. MA grew its holdings in shares of Nintendo by 27.9% during the 1st quarter. Appleton Partners Inc. MA now owns 163,035 shares of the company's stock worth $2,248,000 after purchasing an additional 35,581 shares during the period. DRW Securities LLC purchased a new stake in shares of Nintendo during the 4th quarter worth about $295,000. AdvisorShares Investments LLC grew its holdings in shares of Nintendo by 4.9% during the 4th quarter. AdvisorShares Investments LLC now owns 51,703 shares of the company's stock worth $872,000 after purchasing an additional 2,413 shares during the period. Hantz Financial Services Inc. purchased a new stake in shares of Nintendo during the 4th quarter worth about $875,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Nintendo by 13.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,964 shares of the company's stock worth $151,000 after purchasing an additional 1,073 shares during the period. Hedge funds and other institutional investors own 0.02% of the company's stock.

Nintendo Company Profile

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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