Nintendo (OTCMKTS:NTDOY) Stock Price Down 1.7% - Should You Sell?

Key Points

• Nintendo shares were down 1.7% to $19.61 on Monday, with roughly 2.22 million shares traded (a 128% rise versus average) and the stock sitting below its 50‑day ($21.18) and 200‑day ($21.88) moving averages.
• Several analysts have recently downgraded the stock (Wolfe Research to "underperform," Wedbush to "neutral"), though MarketBeat shows a mixed set of ratings and an overall average of "Moderate Buy".
• In the latest quarter Nintendo beat EPS expectations ($0.15 vs. $0.08 consensus), reporting $3.42 billion in revenue, a 21.1% net margin and a 12.26% return on equity.

Nintendo Co. (OTCMKTS:NTDOY - Get Free Report) was down 1.7% on Monday . The stock traded as low as $19.60 and last traded at $19.61. Approximately 2,218,844 shares changed hands during mid-day trading, an increase of 128% from the average daily volume of 972,195 shares. The stock had previously closed at $19.94.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wolfe Research lowered Nintendo from a "peer perform" rating to an "underperform" rating in a report on Wednesday, November 5th. Wedbush lowered Nintendo from an "outperform" rating to a "neutral" rating in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Nintendo has an average rating of "Moderate Buy".

Nintendo Stock Performance

The company has a market cap of $101.87 billion, a P/E ratio of 37.00 and a beta of 0.59. The stock's fifty day moving average price is $21.18 and its two-hundred day moving average price is $21.88.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. Nintendo had a net margin of 21.10% and a return on equity of 12.26%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $464.35 billion. On average, equities research analysts forecast that Nintendo Co. will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in shares of Nintendo by 16.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company's stock worth $91,000 after acquiring an additional 749 shares during the last quarter. Azimuth Capital Investment Management LLC acquired a new position in Nintendo during the 1st quarter worth approximately $8,323,000. Confluence Investment Management LLC lifted its stake in Nintendo by 1.5% in the 2nd quarter. Confluence Investment Management LLC now owns 56,080 shares of the company's stock valued at $1,347,000 after purchasing an additional 843 shares during the last quarter. GAMMA Investing LLC boosted its position in Nintendo by 27.0% in the second quarter. GAMMA Investing LLC now owns 20,400 shares of the company's stock valued at $490,000 after buying an additional 4,338 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Nintendo by 34.9% in the second quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company's stock valued at $59,000 after buying an additional 637 shares in the last quarter. Institutional investors and hedge funds own 0.02% of the company's stock.

About Nintendo

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.

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