Nintendo (OTCMKTS:NTDOY) Sets New 12-Month High – Still a Buy?

Nintendo Co., Ltd. (OTCMKTS:NTDOY)’s share price reached a new 52-week high during mid-day trading 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.

Analyst Ratings Changes

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

Nintendo Stock Performance

The company’s 50 day simple moving average is $14.76 and its two-hundred day simple moving average is $13.86. The stock has a market cap of $86.75 billion, a price-to-earnings ratio of 35.53 and a beta of 0.45.

Nintendo (OTCMKTS:NTDOY) last issued its 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). The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $2.25 billion. Nintendo had a return on equity of 12.78% and a net margin of 23.37%. On average, equities research analysts predict that Nintendo Co., Ltd. will post 0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nintendo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Appleton Partners Inc. MA increased its position 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 during the period. ORG Wealth Partners LLC bought a new position in shares of Nintendo during the 3rd quarter worth about $99,000. GAMMA Investing LLC lifted its stake in shares of Nintendo by 53.4% in the fourth quarter. GAMMA Investing LLC now owns 12,948 shares of the company’s stock valued at $189,000 after buying an additional 4,509 shares during the period. Diversified Trust Co acquired a new position in Nintendo in the 4th quarter valued at approximately $182,000. Finally, Fulton Bank N.A. acquired a new position in Nintendo in the 4th quarter valued at approximately $200,000. Institutional investors and hedge funds 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.