Nintendo (OTCMKTS:NTDOY) Shares Gap Down – Time to Sell?

Nintendo Co. (OTCMKTS:NTDOY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $16.42, but opened at $15.66. Nintendo shares last traded at $15.60, with a volume of 718,591 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NTDOY shares. Wedbush downgraded Nintendo from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 17th. Freedom Capital raised Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Finally, Wolfe Research lowered shares of Nintendo from a “peer perform” rating to an “underperform” rating in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Nintendo has an average rating of “Moderate Buy”.

Nintendo Price Performance

The firm has a 50 day moving average price of $19.27 and a 200-day moving average price of $21.17. The firm has a market cap of $81.35 billion, a price-to-earnings ratio of 29.55 and a beta of 0.58.

Nintendo (OTCMKTS:NTDOY) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.08 by $0.07. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $464.35 billion. Nintendo had a net margin of 21.10% and a return on equity of 12.26%. On average, sell-side analysts expect that Nintendo Co. will post 0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Nintendo

Several institutional investors and hedge funds have recently made changes to their positions in NTDOY. Dorsey Wright & Associates acquired a new stake in Nintendo during the 3rd quarter worth $1,562,000. Impala Asset Management LLC bought a new stake in shares of Nintendo in the second quarter worth about $1,720,000. AdvisorShares Investments LLC acquired a new stake in shares of Nintendo during the third quarter worth about $1,052,000. Atlatl Advisers LLC acquired a new stake in shares of Nintendo during the third quarter worth about $462,000. Finally, Confluence Investment Management LLC lifted its holdings in shares of Nintendo by 16.3% during the 3rd quarter. Confluence Investment Management LLC now owns 65,201 shares of the company’s stock valued at $1,391,000 after purchasing an additional 9,121 shares in the last quarter. Institutional investors and hedge funds own 0.02% of the company’s stock.

About Nintendo

Nintendo Co, Ltd., headquartered in Kyoto, Japan, is a global entertainment company best known for designing, manufacturing and marketing video game hardware and software. Founded in 1889 as a playing-card company, Nintendo transitioned into electronic entertainment in the latter half of the 20th century and has since become one of the most recognizable names in interactive entertainment. The company serves markets worldwide, with major operations and customer bases in Japan, North America and Europe, and it maintains a presence through regional subsidiaries, distribution partners and digital storefronts.

Nintendo’s business spans console and handheld hardware, first-party software titles, digital services and licensing.