Nintendo Co., Ltd. (OTCMKTS:NTDOY - Get Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $17.72 and traded as low as $17.29. Nintendo shares last traded at $17.36, with a volume of 5,357,871 shares trading hands.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group began coverage on Nintendo in a research note on Tuesday, March 25th. They issued a "buy" rating for the company.
Get Our Latest Stock Report on Nintendo
Nintendo Price Performance
The firm has a market capitalization of $82.54 billion, a price-to-earnings ratio of 35.31 and a beta of 0.63. The firm's 50-day simple moving average is $17.75 and its 200 day simple moving average is $15.31.
Nintendo (OTCMKTS:NTDOY - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). Nintendo had a return on equity of 12.14% and a net margin of 25.83%. As a group, research analysts predict that Nintendo Co., Ltd. will post 0.44 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Nintendo in the fourth quarter worth approximately $2,633,000. Kornitzer Capital Management Inc. KS lifted its holdings in Nintendo by 49.8% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 150,320 shares of the company's stock worth $2,215,000 after buying an additional 50,000 shares during the period. Sterling Capital Management LLC acquired a new stake in Nintendo in the fourth quarter valued at approximately $605,000. Fulton Bank N.A. acquired a new position in shares of Nintendo in the 4th quarter valued at $200,000. Finally, SVB Wealth LLC acquired a new stake in shares of Nintendo in the fourth quarter worth $192,000. Institutional investors own 0.02% of the company's stock.
Nintendo Company Profile
(
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Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.
Further Reading
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