Nintendo (OTCMKTS:NTDOY) Reaches New 1-Year High – What’s Next?

Shares of Nintendo Co., Ltd. (OTCMKTS:NTDOY) reached a new 52-week high on Thursday . The stock traded as high as $16.90 and last traded at $16.70, with a volume of 3664444 shares traded. The stock had previously closed at $16.25.

Wall Street Analysts Forecast Growth

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

Nintendo Stock Performance

The company has a 50-day moving average of $14.90 and a 200-day moving average of $13.89. The stock has a market cap of $84.93 billion, a price-to-earnings ratio of 34.79 and a beta of 0.45.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings results 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). The company had revenue of $1.86 billion for 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%. As a group, equities research analysts forecast that Nintendo Co., Ltd. will post 0.45 EPS for the current year.

Institutional Investors Weigh In On Nintendo

A number of large investors have recently bought and sold shares of NTDOY. Kornitzer Capital Management Inc. KS boosted its stake in shares of Nintendo by 49.8% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 150,320 shares of the company’s stock worth $2,215,000 after purchasing an additional 50,000 shares during the last quarter. Fulton Bank N.A. purchased a new stake in Nintendo in the 4th quarter worth approximately $200,000. GAMMA Investing LLC raised its holdings in Nintendo by 53.4% in the 4th 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. Diversified Trust Co purchased a new position in shares of Nintendo during the 4th quarter worth $182,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Nintendo during the third quarter worth $99,000. 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.