Nintendo (OTCMKTS:NTDOY) Reaches New 52-Week Low – Should You Sell?

Nintendo Co. (OTCMKTS:NTDOY) reached a new 52-week low during trading on Tuesday . The company traded as low as $13.0850 and last traded at $13.11, with a volume of 950540 shares trading hands. The stock had previously closed at $13.80.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NTDOY. China Renaissance reiterated a “sell” rating on shares of Nintendo in a research note on Wednesday, February 4th. Wolfe Research raised Nintendo from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 22nd. UBS Group upgraded Nintendo from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 4th. Freedom Capital upgraded Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Finally, Zacks Research downgraded Nintendo from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Nintendo Trading Up 5.4%

The stock has a fifty day simple moving average of $15.42 and a two-hundred day simple moving average of $19.23. The company has a market cap of $73.45 billion, a PE ratio of 24.81 and a beta of 0.57.

Institutional Investors Weigh In On Nintendo

A number of hedge funds and other institutional investors have recently bought and sold shares of NTDOY. Salomon & Ludwin LLC boosted its position in shares of Nintendo by 76.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock worth $40,000 after purchasing an additional 809 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of 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 purchasing an additional 637 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Nintendo by 322.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,225 shares of the company’s stock worth $71,000 after buying an additional 3,225 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Nintendo by 13.6% during the second quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock worth $145,000 after buying an additional 724 shares during the period. Finally, Diversified Trust Co increased its holdings in Nintendo by 18.6% in the third quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock valued at $260,000 after buying an additional 1,882 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.