Nintendo (OTCMKTS:NTDOY) Sets New 52-Week High – Should You Buy?

Shares of Nintendo Co., Ltd. (OTCMKTS:NTDOY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.33 and last traded at $20.23, with a volume of 754687 shares traded. The stock had previously closed at $20.27.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group assumed coverage on Nintendo in a research report on Tuesday, March 25th. They set a “buy” rating for the company.

Nintendo Price Performance

The firm’s fifty day simple moving average is $17.94 and its 200 day simple moving average is $15.91. The company has a market capitalization of $105.09 billion, a PE ratio of 44.96 and a beta of 0.63.

Nintendo (OTCMKTS:NTDOY) last posted its earnings results on Tuesday, February 4th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). Nintendo had a return on equity of 12.14% and a net margin of 25.83%. On average, equities research analysts anticipate that Nintendo Co., Ltd. will post 0.44 EPS for the current fiscal year.

Institutional Trading of Nintendo

Hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its position in shares of Nintendo by 192.5% in the first quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company’s stock worth $31,000 after acquiring an additional 1,201 shares during the period. Appleton Partners Inc. MA raised its holdings in Nintendo by 1.5% in the 1st quarter. Appleton Partners Inc. MA now owns 130,744 shares of the company’s stock worth $2,245,000 after purchasing an additional 1,969 shares during the period. GAMMA Investing LLC boosted its position in Nintendo by 24.1% during the first quarter. GAMMA Investing LLC now owns 16,062 shares of the company’s stock worth $276,000 after purchasing an additional 3,114 shares in the last quarter. Diversified Trust Co acquired a new stake in Nintendo in the fourth quarter valued at approximately $182,000. Finally, SVB Wealth LLC purchased a new stake in shares of Nintendo in the fourth quarter valued at approximately $192,000. 0.02% of the stock is owned by hedge funds and other institutional investors.

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.