Nintendo Co. (OTCMKTS:NTDOY - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $22.13, but opened at $21.45. Nintendo shares last traded at $21.62, with a volume of 171,476 shares.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Benchmark raised shares of Nintendo to a "strong-buy" rating in a report on Monday, May 19th. Wedbush raised shares of Nintendo to a "strong-buy" rating in a report on Tuesday, July 1st. The Goldman Sachs Group assumed coverage on shares of Nintendo in a report on Tuesday, March 25th. They issued a "buy" rating on the stock. Finally, Citigroup assumed coverage on shares of Nintendo in a report on Friday, May 2nd. They issued a "buy" rating on the stock. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Nintendo currently has a consensus rating of "Buy".
Check Out Our Latest Report on NTDOY
Nintendo Trading Down 1.8%
The company's fifty day moving average is $21.29 and its 200 day moving average is $18.51. The company has a market cap of $112.88 billion, a P/E ratio of 55.72 and a beta of 0.63.
Nintendo (OTCMKTS:NTDOY - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Nintendo had a net margin of 23.81% and a return on equity of 10.51%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $215.06 billion. Analysts anticipate that Nintendo Co. will post 0.44 EPS for the current year.
Hedge Funds Weigh In On Nintendo
Institutional investors and hedge funds have recently made changes to their positions in the business. Azimuth Capital Investment Management LLC bought a new stake in Nintendo in the 1st quarter worth $8,323,000. GAMMA Investing LLC grew its holdings in Nintendo by 2,029.9% in the 1st quarter. GAMMA Investing LLC now owns 275,785 shares of the company's stock worth $4,735,000 after acquiring an additional 262,837 shares during the last quarter. Sterling Capital Management LLC bought a new stake in Nintendo in the 4th quarter worth $605,000. Appleton Partners Inc. MA grew its holdings in Nintendo by 1.5% in the 1st quarter. Appleton Partners Inc. MA now owns 130,744 shares of the company's stock worth $2,245,000 after acquiring an additional 1,969 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in Nintendo by 192.5% in the 1st quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company's stock worth $31,000 after acquiring an additional 1,201 shares during the last quarter. Institutional investors own 0.02% of the company's stock.
About Nintendo
(
Get Free Report)
Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.
Featured Articles
Before you consider Nintendo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nintendo wasn't on the list.
While Nintendo currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
