Nintendo (OTCMKTS:NTDOY) Stock Price Down 4.5% - Time to Sell?

Nintendo Co. (OTCMKTS:NTDOY - Get Free Report)'s share price fell 4.5% during trading on Friday . The stock traded as low as $21.78 and last traded at $21.87. 645,199 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 2,095,478 shares. The stock had previously closed at $22.89.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NTDOY. Citigroup assumed coverage on Nintendo in a report on Friday, May 2nd. They set a "buy" rating for the company. The Goldman Sachs Group started coverage on Nintendo in a research note on Tuesday, March 25th. They set a "buy" rating for the company. Finally, Benchmark upgraded Nintendo to a "strong-buy" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".

Nintendo Stock Performance

The firm has a market capitalization of $112.88 billion, a PE ratio of 55.72 and a beta of 0.60. The business's 50 day moving average is $20.28 and its two-hundred day moving average is $17.86.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last released 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. Nintendo had a return on equity of 10.51% and a net margin of 23.81%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $215.06 billion. As a group, equities research analysts predict that Nintendo Co. will post 0.44 EPS for the current year.

Institutional Investors Weigh In On Nintendo

A number of institutional investors and hedge funds have recently modified their holdings of NTDOY. First Horizon Advisors Inc. increased its holdings 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 acquiring an additional 1,201 shares during the period. PNC Financial Services Group Inc. increased 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 purchasing an additional 749 shares during the period. SVB Wealth LLC bought a new position in shares of Nintendo in the fourth quarter worth $192,000. GAMMA Investing LLC raised its position in shares of Nintendo by 24.1% in the first quarter. GAMMA Investing LLC now owns 16,062 shares of the company's stock worth $276,000 after buying an additional 3,114 shares in the last quarter. Finally, Sterling Capital Management LLC bought a new stake in Nintendo during the fourth quarter valued at $605,000. 0.02% of the stock is owned by hedge funds and other institutional investors.

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.