Nintendo (OTCMKTS:NTDOY) Hits New 52-Week High – Time to Buy?

Nintendo Co., Ltd. (OTCMKTS:NTDOY)’s share price hit a new 52-week high on Thursday . The company traded as high as $16.90 and last traded at $16.70, with a volume of 3664444 shares changing hands. The stock had previously closed at $16.25.

Wall Street Analysts Forecast Growth

Separately, TD Cowen began coverage on Nintendo in a report on Monday, October 7th. They issued a “buy” rating on the stock.

Nintendo Stock Performance

The business has a fifty day moving average of $14.76 and a two-hundred day moving average of $13.86. The firm has a market capitalization of $86.75 billion, a price-to-earnings ratio of 35.53 and a beta of 0.45.

Nintendo (OTCMKTS:NTDOY) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06). Nintendo had a return on equity of 12.78% and a net margin of 23.37%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $2.25 billion. As a group, sell-side analysts predict that Nintendo Co., Ltd. will post 0.45 EPS for the current fiscal year.

Institutional Trading of Nintendo

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Appleton Partners Inc. MA raised its stake in Nintendo by 0.6% during the third quarter. Appleton Partners Inc. MA now owns 133,225 shares of the company’s stock worth $1,775,000 after acquiring an additional 780 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Nintendo by 53.4% during the 4th quarter. GAMMA Investing LLC now owns 12,948 shares of the company’s stock valued at $189,000 after purchasing an additional 4,509 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Nintendo during the 3rd quarter valued at approximately $99,000. Diversified Trust Co acquired a new position in Nintendo during the 4th quarter worth approximately $182,000. Finally, Fulton Bank N.A. acquired a new stake in Nintendo in the fourth quarter valued at approximately $200,000. 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.