Macquarie Decreases Nintendo (OTCMKTS:NTDOY) Rating to “Neutral” from “Outperform”

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Macquarie Research Analyst Rating Change Nintendo OTCMKTS:NTDOY

Nintendo (OTCMKTS:NTDOY) Downgrade

Macquarie decreased shares of Nintendo (OTCMKTS:NTDOY) from “Outperform” rating to “Neutral” rating in an analyst note revealed to clients on Thursday, 13 October.

Despite this stock rating downgrade OTCMKTS:NTDOY is right now trading 0.03% higher at $31.22 as of 11:24 New York time. Nintendo’s stock is up 83.7% over the last 200 days. It has outperformed the S&P 500, which has gained 4.02% over the same time period.

OTCMKTS:NTDOY Price Chart & Trend

The stock price of Nintendo has risen 83.7% over the last 200 days, and is in very strong up trend. In the last 50 and 100 days, Nintendo is up 22.3% and up 68.7%, respectively. Our stocks momentum model is shown on the price chart below.Macquarie Decreases Nintendo (OTCMKTS:NTDOY) Rating to "Neutral" from "Outperform"

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Nintendo (OTCMKTS:NTDOY) Profile

Nintendo Co., Ltd. is mainly engaged in the development, manufacture and sale of entertainment products in home entertainment field. The Company’s main products include leisure machines such as portable and console game machines and software, as well as trump and Carta (Japanese-style playing cards). As of March 31, 2014, the Company had 29 subsidiaries and six associated companies.

Nintendo (OTCMKTS:NTDOY) traded up 0.03% on 13 October, hitting $31.22. A total of 400,922 shares of the company’s stock traded hands. This is down from average of 721,529 shares. Nintendo has a 52 week low of $15.34 and a 52 week high of $38.25. The company has a market cap of $35.37 billion and a P/E ratio of 0.

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