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

Nintendo Co. (OTCMKTS:NTDOY) crossed 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 changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BNP Paribas Exane assumed coverage on shares of Nintendo in a report on Tuesday, September 22nd. They set a “neutral” rating on the stock. UBS Group lowered shares of Nintendo from a “neutral” rating to a “sell” rating in a research report on Friday, September 25th. Finally, Citigroup reiterated a “buy” rating on shares of Nintendo in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Nintendo Stock Down 0.5%

The firm has a market capitalization of $66.83 billion, a P/E ratio of 19.67 and a beta of 0.44. The firm has a 50 day moving average of $13.23 and a 200-day moving average of $13.03.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. Nintendo had a return on equity of 16.31% and a net margin of 21.00%. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $2.72 billion. Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS. As a group, research analysts expect that Nintendo Co. will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NTDOY. Appleton Partners Inc. MA raised its stake in Nintendo by 27.9% in the first quarter. Appleton Partners Inc. MA now owns 163,035 shares of the company’s stock valued at $2,248,000 after purchasing an additional 35,581 shares in the last quarter. GAMMA Investing LLC lifted its position in Nintendo by 31.5% during the third quarter. GAMMA Investing LLC now owns 22,266 shares of the company’s stock worth $279,000 after purchasing an additional 5,340 shares during the period. PNC Financial Services Group Inc. grew its stake 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 buying an additional 1,023 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Nintendo by 47.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,100 shares of the company’s stock worth $32,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 0.02% of the company’s stock.

Nintendo Company Profile

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.