Nintendo (OTCMKTS:NTDOY) Stock Price Down 4.5% - What's Next?

Nintendo Co. (OTCMKTS:NTDOY - Get Free Report)'s stock price traded down 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Benchmark raised shares of Nintendo to a "strong-buy" rating in a research report on Monday, May 19th. Citigroup began coverage on Nintendo in a report on Friday, May 2nd. They set a "buy" rating on the stock. Finally, The Goldman Sachs Group began coverage on Nintendo in a report on Tuesday, March 25th. They issued a "buy" rating for the company. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy".

Nintendo Price Performance

The stock has a market cap of $113.53 billion, a P/E ratio of 56.04 and a beta of 0.60. The stock's 50 day simple moving average is $20.19 and its two-hundred day simple moving average is $17.77.

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

Institutional Trading of Nintendo

A number of hedge funds and other institutional investors have recently made changes to their positions in NTDOY. Kornitzer Capital Management Inc. KS grew its position in Nintendo by 49.8% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 150,320 shares of the company's stock valued at $2,215,000 after purchasing an additional 50,000 shares in the last quarter. Sterling Capital Management LLC bought a new position in shares of Nintendo in the 4th quarter valued at about $605,000. GAMMA Investing LLC increased its position in shares of Nintendo by 2,029.9% in the first quarter. GAMMA Investing LLC now owns 275,785 shares of the company's stock valued at $4,735,000 after acquiring an additional 262,837 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Nintendo during the fourth quarter worth about $2,633,000. Finally, SVB Wealth LLC acquired a new position in Nintendo during the fourth quarter valued at approximately $192,000. 0.02% of the stock is currently owned by institutional investors and hedge funds.

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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