Nintendo (OTCMKTS:NTDOY) Shares Gap Up – Here’s Why

Shares of Nintendo Co. (OTCMKTS:NTDOY) gapped up before the market opened on Monday . The stock had previously closed at $10.63, but opened at $11.27. Nintendo shares last traded at $11.28, with a volume of 602,757 shares traded.

Analyst Upgrades and Downgrades

NTDOY has been the subject of a number of recent research reports. TD Cowen reaffirmed a “buy” rating on shares of Nintendo in a report on Tuesday, April 14th. Benchmark reissued a “buy” rating on shares of Nintendo in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

Nintendo Stock Performance

The stock has a market capitalization of $58.34 billion, a P/E ratio of 18.88 and a beta of 0.39. The stock’s fifty day simple moving average is $11.04 and its two-hundred day simple moving average is $13.10.

Nintendo (OTCMKTS:NTDOY) last released its quarterly earnings results on Friday, May 8th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.63 billion. Nintendo had a net margin of 18.33% and a return on equity of 13.74%. Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS. As a group, analysts expect that Nintendo Co. will post 0.51 earnings per share for the current fiscal year.

Institutional Trading of Nintendo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Appleton Partners Inc. MA raised its position in 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 purchasing an additional 35,581 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Nintendo in the 4th quarter valued at about $875,000. AdvisorShares Investments LLC increased its stake in shares of Nintendo by 4.9% in the fourth quarter. AdvisorShares Investments LLC now owns 51,703 shares of the company’s stock valued at $872,000 after buying an additional 2,413 shares during the period. O Brien Greene & Co. Inc increased its stake in shares of Nintendo by 2.1% in the fourth quarter. O Brien Greene & Co. Inc now owns 38,050 shares of the company’s stock valued at $642,000 after buying an additional 800 shares during the period. Finally, DRW Securities LLC acquired a new stake in shares of Nintendo in the fourth quarter valued at about $295,000. 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.