Nintendo (OTCMKTS:NTDOY) Shares Gap Down - Here's What Happened

Nintendo Co. (OTCMKTS:NTDOY - Get Free Report) shares 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 changing hands.

Analyst Ratings Changes

NTDOY has been the topic of several recent research reports. Wedbush raised Nintendo to a "strong-buy" rating in a report on Tuesday, July 1st. Citigroup assumed coverage on Nintendo in a report on Friday, May 2nd. They set a "buy" rating on the stock. Benchmark raised Nintendo to a "strong-buy" rating in a report on Monday, May 19th. Finally, The Goldman Sachs Group assumed coverage on Nintendo in a report on Tuesday, March 25th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy".

Nintendo Stock Performance

The stock has a market capitalization of $111.17 billion, a price-to-earnings ratio of 54.87 and a beta of 0.63. The company has a fifty day simple moving average of $21.30 and a 200 day simple moving average of $18.67.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.06. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $215.06 billion. Nintendo had a return on equity of 10.51% and a net margin of 23.81%. As a group, equities analysts predict that Nintendo Co. will post 0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. raised its stake in Nintendo by 192.5% during the 1st quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company's stock worth $31,000 after buying an additional 1,201 shares during the period. PNC Financial Services Group Inc. raised its stake in Nintendo by 16.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company's stock worth $91,000 after buying an additional 749 shares during the period. GAMMA Investing LLC raised its stake in Nintendo by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 16,062 shares of the company's stock worth $276,000 after buying an additional 3,114 shares during the period. Sterling Capital Management LLC acquired a new position in Nintendo during the 4th quarter worth approximately $605,000. Finally, Confluence Investment Management LLC raised its stake in Nintendo by 1.5% during the 2nd quarter. Confluence Investment Management LLC now owns 56,080 shares of the company's stock worth $1,347,000 after buying an additional 843 shares during the period. 0.02% of the stock is owned by institutional investors and hedge funds.

Nintendo Company Profile

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.