Nintendo (OTCMKTS:NTDOY) Shares Gap Up – Here’s What Happened

Shares of Nintendo Co. (OTCMKTS:NTDOY) gapped up before the market opened on Friday. The stock had previously closed at $13.17, but opened at $13.63. Nintendo shares last traded at $13.76, with a volume of 531,112 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Citigroup reaffirmed a “buy” rating on shares of Nintendo in a report on Friday, August 14th. UBS Group lowered Nintendo from a “neutral” rating to a “sell” rating in a report on Friday, September 25th. Finally, BNP Paribas Exane began coverage on Nintendo in a research report on Tuesday, September 22nd. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Nintendo Price Performance

The stock has a market capitalization of $70.54 billion, a PE ratio of 22.46 and a beta of 0.49. The business’s fifty day moving average price is $13.13 and its 200-day moving average price is $12.88.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Gagnon Securities LLC boosted its stake in Nintendo by 2.6% during the third quarter. Gagnon Securities LLC now owns 72,483 shares of the company’s stock valued at $908,000 after buying an additional 1,808 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in Nintendo by 47.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,100 shares of the company’s stock worth $32,000 after acquiring an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Nintendo by 11.4% in the 1st 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 during the last quarter. GAMMA Investing LLC raised its holdings in shares of Nintendo by 31.5% in the 3rd quarter. GAMMA Investing LLC now owns 22,266 shares of the company’s stock valued at $279,000 after acquiring an additional 5,340 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of Nintendo by 1,098,454.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 120,841 shares of the company’s stock valued at $1,514,000 after acquiring an additional 120,830 shares in the last quarter. Institutional investors own 0.02% of the company’s stock.

Nintendo Company Profile

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.