Nintendo Co. (OTCMKTS:NTDOY) Stock Rated “Hold” by Wall Street Brokerages

Shares of Nintendo Co. (OTCMKTS:NTDOY) have been given a consensus rating of “Hold” by the nine brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company.

A number of research firms recently weighed in on NTDOY. UBS Group lowered Nintendo from a “neutral” rating to a “sell” rating in a research report on Friday, September 25th. BNP Paribas Exane started coverage on shares of Nintendo in a report on Tuesday, September 22nd. They issued a “neutral” rating for the company. Finally, Citigroup reissued a “buy” rating on shares of Nintendo in a research report on Friday, August 14th.

Nintendo Stock Up 4.0%

Nintendo stock traded up $0.53 during mid-day trading on Friday, hitting $13.70. The company’s stock had a trading volume of 2,435,386 shares, compared to its average volume of 1,517,994. The stock has a market capitalization of $70.54 billion, a P/E ratio of 22.46 and a beta of 0.49. Nintendo has a twelve month low of $10.18 and a twelve month high of $22.59. The stock’s fifty day moving average price is $13.11 and its two-hundred day moving average price is $12.87.

Nintendo (OTCMKTS:NTDOY) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $2.83 billion for the quarter, compared to analyst estimates of $2.94 billion. Nintendo had a net margin of 20.44% and a return on equity of 15.10%. Equities analysts expect that Nintendo will post 0.56 earnings per share for the current year.

Institutional Trading of Nintendo

Hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. boosted 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 worth $32,000 after buying an additional 1,000 shares during the period. PNC Financial Services Group Inc. raised its position in Nintendo by 11.4% during the first quarter. PNC Financial Services Group Inc. now owns 9,987 shares of the company’s stock valued at $143,000 after buying an additional 1,023 shares during the period. GAMMA Investing LLC raised its position in Nintendo by 31.5% during the third quarter. GAMMA Investing LLC now owns 22,266 shares of the company’s stock valued at $279,000 after buying an additional 5,340 shares during the period. O Brien Greene & Co. Inc raised its position in Nintendo by 4.8% during the third quarter. O Brien Greene & Co. Inc now owns 43,650 shares of the company’s stock valued at $547,000 after buying an additional 2,000 shares during the period. Finally, Gagnon Securities LLC boosted its position in Nintendo by 2.6% during the 3rd quarter. Gagnon Securities LLC now owns 72,483 shares of the company’s stock worth $908,000 after acquiring an additional 1,808 shares during the period. Hedge funds and other institutional investors own 0.02% of the company’s stock.

About Nintendo

Nintendo Co., Ltd. is a Japanese entertainment company headquartered in Kyoto. Founded in 1889 as a maker of playing cards, it later expanded into video games and became a developer and publisher of interactive entertainment. The company makes video game hardware, including the Nintendo Switch family of systems, and develops and publishes games for its platforms. Its well-known franchises include Super Mario, The Legend of Zelda, Animal Crossing and Splatoon. Nintendo also extends its intellectual property through mobile games, licensing and location-based attractions.