Nintendo (OTCMKTS:NTDOY) Stock Crosses Below Fifty Day Moving Average – Here’s Why

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

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group assumed coverage on shares of Nintendo in a report on Tuesday, March 25th. They issued a “buy” rating on the stock.

Nintendo Stock Performance

The business has a fifty day moving average of $17.75 and a 200-day moving average of $15.29. The firm has a market capitalization of $82.54 billion, a P/E ratio of 35.31 and a beta of 0.63.

Nintendo (OTCMKTS:NTDOY) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Nintendo had a net margin of 25.83% and a return on equity of 12.14%. On average, equities research analysts forecast that Nintendo Co., Ltd. will post 0.44 earnings per share for the current fiscal year.

Institutional Trading of Nintendo

Institutional investors have recently made changes to their positions in the stock. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Nintendo during the fourth quarter worth about $2,633,000. Kornitzer Capital Management Inc. KS grew its stake in shares of Nintendo by 49.8% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 150,320 shares of the company’s stock worth $2,215,000 after purchasing an additional 50,000 shares during the last quarter. Sterling Capital Management LLC bought a new stake in shares of Nintendo in the 4th quarter worth approximately $605,000. Fulton Bank N.A. acquired a new stake in Nintendo during the fourth quarter valued at approximately $200,000. Finally, SVB Wealth LLC bought a new stake in Nintendo during the fourth quarter worth approximately $192,000. 0.02% of the stock is owned by institutional investors and hedge funds.

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.