Nintendo (OTCMKTS:NTDOY) Stock Price Breaks Below 200 Day Moving Average - Here's What Happened

Key Points

• Nintendo shares fell below their 200-day moving average of $13.03, reaching $12.85 before last trading at $12.98 on volume of 1.09 million shares.
• Analyst sentiment is mixed: UBS downgraded Nintendo to “sell,” BNP Paribas Exane initiated coverage with a “neutral” rating, and Citigroup maintained a “buy” rating. MarketBeat data shows an overall average rating of “Hold.”
• Nintendo reported quarterly earnings of $0.20 per share, exceeding the $0.10 consensus estimate, while revenue of $3.29 billion also surpassed expectations of $2.72 billion.

Shares of Nintendo Co. (OTCMKTS:NTDOY - Get Free Report) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $13.03 and traded as low as $12.85. Nintendo shares last traded at $12.98, with a volume of 1,088,771 shares.

Analysts Set New Price Targets

NTDOY has been the subject of several research analyst reports. BNP Paribas Exane assumed coverage on shares of Nintendo in a report on Tuesday, September 22nd. They issued a "neutral" rating for the company. UBS Group lowered shares of Nintendo from a "neutral" rating to a "sell" rating in a report on Friday, September 25th. Finally, Citigroup reaffirmed a "buy" rating on shares of Nintendo in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold".

Nintendo Trading Down 0.5%

The company has a 50 day simple moving average of $13.23 and a 200 day simple moving average of $13.03. The stock has a market cap of $66.83 billion, a P/E ratio of 19.67 and a beta of 0.44.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.10. Nintendo had a net margin of 21.00% and a return on equity of 16.31%. The company had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $2.72 billion. Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS. As a group, sell-side analysts expect that Nintendo Co. will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On Nintendo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of Nintendo by 31.5% during the 3rd quarter. GAMMA Investing LLC now owns 22,266 shares of the company's stock worth $279,000 after buying an additional 5,340 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Nintendo by 47.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,100 shares of the company's stock valued at $32,000 after acquiring an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Nintendo by 11.4% during the first quarter. PNC Financial Services Group Inc. now owns 9,987 shares of the company's stock worth $143,000 after acquiring an additional 1,023 shares in the last quarter. Finally, Appleton Partners Inc. MA raised its holdings in Nintendo by 27.9% during the first quarter. Appleton Partners Inc. MA now owns 163,035 shares of the company's stock worth $2,248,000 after acquiring an additional 35,581 shares in the last quarter. 0.02% of the stock is owned by institutional investors.

About Nintendo

Nintendo Co, Ltd. is a Japan-based entertainment company that develops and publishes interactive entertainment products for global markets. Its business centers on dedicated video game hardware, software and related digital services, with offerings designed to combine proprietary systems and internally developed content.

The company is known for its Nintendo Switch platform and franchises including Super Mario, The Legend of Zelda, Animal Crossing, Splatoon, Kirby, Metroid and Donkey Kong.

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