Nintendo (OTCMKTS:NTDOY) Stock Passes Below 50-Day Moving Average of $13.58

Nintendo Co., Ltd. (OTCMKTS:NTDOY) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $13.58 and traded as low as $13.38. Nintendo shares last traded at $13.54, with a volume of 485,733 shares trading hands.

Nintendo Price Performance

The firm has a fifty day moving average price of $13.58 and a two-hundred day moving average price of $13.47. The stock has a market capitalization of $70.34 billion, a PE ratio of 18.55 and a beta of 0.43.

Nintendo (OTCMKTS:NTDOY) last issued its earnings results on Tuesday, May 7th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. Nintendo had a net margin of 29.54% and a return on equity of 20.09%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.72 billion. On average, research analysts expect that Nintendo Co., Ltd. will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nintendo

Several large investors have recently modified their holdings of NTDOY. Renaissance Group LLC bought a new stake in Nintendo during the 4th quarter valued at $6,983,000. Lyrical Asset Management LP boosted its holdings in shares of Nintendo by 7.0% in the 4th quarter. Lyrical Asset Management LP now owns 221,197 shares of the company’s stock valued at $2,873,000 after buying an additional 14,377 shares in the last quarter. Appleton Partners Inc. MA grew its position in shares of Nintendo by 9.7% in the 2nd quarter. Appleton Partners Inc. MA now owns 132,445 shares of the company’s stock worth $1,762,000 after buying an additional 11,755 shares during the last quarter. Confluence Investment Management LLC raised its stake in shares of Nintendo by 2.1% during the 2nd quarter. Confluence Investment Management LLC now owns 56,139 shares of the company’s stock worth $747,000 after acquiring an additional 1,178 shares in the last quarter. Finally, O Brien Greene & Co. Inc lifted its position in Nintendo by 8.2% during the fourth quarter. O Brien Greene & Co. Inc now owns 35,615 shares of the company’s stock valued at $463,000 after acquiring an additional 2,690 shares during the last quarter. Institutional investors own 0.02% of the company’s stock.

Nintendo Company Profile

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.