China Renaissance Reiterates “Sell” Rating for Nintendo (OTCMKTS:NTDOY)

Nintendo (OTCMKTS:NTDOY)‘s stock had its “sell” rating reiterated by equities research analysts at China Renaissance in a research note issued on Wednesday, Marketbeat reports.

NTDOY has been the topic of several other reports. Wolfe Research upgraded shares of Nintendo from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 22nd. Zacks Research raised Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Freedom Capital raised Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Finally, Macquarie upgraded Nintendo from a “neutral” rating to an “outperform” rating in a research report on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Nintendo Price Performance

Shares of NTDOY opened at $13.58 on Wednesday. Nintendo has a 12 month low of $13.47 and a 12 month high of $24.92. The stock has a fifty day moving average price of $17.25 and a 200 day moving average price of $20.41. The company has a market cap of $70.54 billion, a P/E ratio of 23.82 and a beta of 0.56.

Nintendo (OTCMKTS:NTDOY) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $464.35 billion. Nintendo had a net margin of 18.91% and a return on equity of 13.16%. As a group, research analysts anticipate that Nintendo will post 0.44 earnings per share for the current year.

Institutional Investors Weigh In On Nintendo

A number of institutional investors have recently added to or reduced their stakes in NTDOY. Salomon & Ludwin LLC raised its position in Nintendo by 76.1% in the third quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock worth $40,000 after acquiring an additional 809 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Nintendo by 34.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock worth $59,000 after purchasing an additional 637 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Nintendo by 322.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,225 shares of the company’s stock worth $71,000 after purchasing an additional 3,225 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Nintendo by 13.6% during the second quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock valued at $145,000 after purchasing an additional 724 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in Nintendo by 18.6% during the third quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock worth $260,000 after buying an additional 1,882 shares in the last quarter. 0.02% of the stock is currently owned by institutional investors and hedge funds.

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.