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

Nintendo Co. (OTCMKTS:NTDOY)’s share price 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 traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NTDOY. UBS Group downgraded shares of Nintendo from a “neutral” rating to a “sell” rating in a research report on Friday, September 25th. Citigroup reissued a “buy” rating on shares of Nintendo in a research note on Friday, August 14th. Finally, BNP Paribas Exane initiated coverage on Nintendo in a report on Tuesday, September 22nd. They issued a “neutral” rating for the company. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Nintendo Stock Up 0.9%

The stock has a market cap of $67.45 billion, a PE ratio of 19.85 and a beta of 0.44. The business’s fifty day moving average is $13.22 and its 200 day moving average is $13.02.

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

Institutional Trading of Nintendo

Large investors have recently bought and sold shares of the company. Appleton Partners Inc. MA raised its stake in shares of Nintendo by 27.9% during the 1st quarter. Appleton Partners Inc. MA now owns 163,035 shares of the company’s stock worth $2,248,000 after buying an additional 35,581 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Nintendo by 31.5% in the 3rd quarter. GAMMA Investing LLC now owns 22,266 shares of the company’s stock worth $279,000 after buying an additional 5,340 shares in the last quarter. PNC Financial Services Group Inc. grew 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 valued at $143,000 after acquiring an additional 1,023 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew 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 valued at $32,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 0.02% of the company’s stock.

About Nintendo

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.