Nintendo (OTCMKTS:NTDOY) Reaches New 1-Year High – Time to Buy?

Nintendo Co., Ltd. (OTCMKTS:NTDOY) shares hit a new 52-week high on Friday . The company traded as high as $16.00 and last traded at $15.85, with a volume of 3150423 shares traded. The stock had previously closed at $15.35.

Wall Street Analysts Forecast Growth

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

Nintendo Stock Up 3.3 %

The firm has a market cap of $82.34 billion, a price-to-earnings ratio of 33.72 and a beta of 0.45. The business has a 50 day moving average of $14.54 and a 200 day moving average of $13.80.

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

Hedge Funds Weigh In On Nintendo

Several institutional investors have recently added to or reduced their stakes in NTDOY. Appleton Partners Inc. MA grew its stake in shares of Nintendo by 0.6% during the 3rd quarter. Appleton Partners Inc. MA now owns 133,225 shares of the company’s stock valued at $1,775,000 after buying an additional 780 shares during the period. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 4,509 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in Nintendo during the third quarter valued at about $99,000. Diversified Trust Co acquired a new stake in Nintendo during the fourth quarter worth about $182,000. Finally, Fulton Bank N.A. purchased a new position in shares of Nintendo in the 4th quarter worth about $200,000. 0.02% of the stock is currently owned by institutional investors and hedge funds.

About Nintendo

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.