Nintendo (OTCMKTS:NTDOY) Shares Up 2.8% – What’s Next?

Nintendo Co. (OTCMKTS:NTDOY) shares rose 2.8% on Friday . The stock traded as high as $17.20 and last traded at $17.1750. Approximately 85,688 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 1,758,516 shares. The stock had previously closed at $16.70.

Analyst Ratings Changes

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

Nintendo Price Performance

The firm has a market cap of $89.09 billion, a P/E ratio of 32.36 and a beta of 0.59. The stock’s 50 day moving average is $20.29 and its two-hundred day moving average is $21.57.

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

Institutional Trading of Nintendo

Large investors have recently bought and sold shares of the stock. Dorsey Wright & Associates bought a new position in shares of Nintendo during the third quarter valued at $1,562,000. Impala Asset Management LLC acquired a new stake in shares of Nintendo during the 2nd quarter worth about $1,720,000. AdvisorShares Investments LLC acquired a new stake in shares of Nintendo during the 3rd quarter worth about $1,052,000. Atlatl Advisers LLC bought a new position in Nintendo during the 3rd quarter valued at about $462,000. Finally, Confluence Investment Management LLC boosted its position in Nintendo by 16.3% in the third quarter. Confluence Investment Management LLC now owns 65,201 shares of the company’s stock valued at $1,391,000 after buying an additional 9,121 shares in the last quarter. 0.02% of the stock is currently owned by institutional investors.

Nintendo Company Profile

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.