Nintendo’s (NTDOY) Sell Rating Reiterated at China Renaissance

China Renaissance restated their sell rating on shares of Nintendo (OTCMKTS:NTDOY) in a report issued on Wednesday, MarketBeat.com reports.

Several other research firms have also recently issued reports on NTDOY. Freedom Capital upgraded Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Macquarie Infrastructure upgraded Nintendo from a “neutral” rating to an “outperform” rating in a research report on Tuesday. Zacks Research raised Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Wolfe Research upgraded Nintendo from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Nintendo Price Performance

Nintendo stock opened at $13.82 on Wednesday. The business has a 50 day simple moving average of $17.11 and a 200-day simple moving average of $20.35. Nintendo has a 12 month low of $13.47 and a 12 month high of $24.92. The stock has a market capitalization of $71.79 billion, a PE ratio of 24.25 and a beta of 0.56.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. Nintendo had a net margin of 18.91% and a return on equity of 13.16%. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $464.35 billion. On average, equities research analysts anticipate that Nintendo will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Appleton Partners Inc. MA raised its holdings in shares of Nintendo by 0.7% in the 3rd quarter. Appleton Partners Inc. MA now owns 127,279 shares of the company’s stock valued at $2,716,000 after buying an additional 837 shares during the period. Dorsey Wright & Associates acquired a new stake in shares of Nintendo during the third quarter worth about $1,562,000. Impala Asset Management LLC acquired a new stake in shares of Nintendo during the second quarter worth about $1,720,000. Confluence Investment Management LLC boosted its stake in shares of Nintendo by 4.0% in the fourth quarter. Confluence Investment Management LLC now owns 67,829 shares of the company’s stock valued at $1,144,000 after purchasing an additional 2,628 shares during the period. Finally, AdvisorShares Investments LLC acquired a new position in shares of Nintendo in the third quarter valued at approximately $1,052,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.

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.