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

Nintendo Co. (OTCMKTS:NTDOY - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $22.98 and last traded at $22.92, with a volume of 285423 shares trading hands. The stock had previously closed at $22.25.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NTDOY. Benchmark raised shares of Nintendo to a "strong-buy" rating in a report on Monday, May 19th. Citigroup assumed coverage on shares of Nintendo in a research report on Friday, May 2nd. They set a "buy" rating on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Nintendo in a research note on Tuesday, March 25th. They issued a "buy" rating for the company. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy".

Nintendo Stock Performance

The stock has a market capitalization of $118.13 billion, a P/E ratio of 58.31 and a beta of 0.60. The business has a 50 day simple moving average of $20.44 and a 200-day simple moving average of $17.93.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $215.06 billion. Nintendo had a net margin of 23.81% and a return on equity of 10.51%. Equities research analysts forecast that Nintendo Co. will post 0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Nintendo

Large investors have recently modified their holdings of the stock. SVB Wealth LLC acquired a new stake in shares of Nintendo during the fourth quarter worth $192,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Nintendo in the 4th quarter worth about $2,633,000. Sterling Capital Management LLC acquired a new stake in Nintendo during the 4th quarter worth about $605,000. GAMMA Investing LLC raised its holdings in Nintendo by 2,029.9% during the 1st quarter. GAMMA Investing LLC now owns 275,785 shares of the company's stock worth $4,735,000 after buying an additional 262,837 shares during the period. Finally, Appleton Partners Inc. MA lifted its stake in Nintendo by 1.5% during the first quarter. Appleton Partners Inc. MA now owns 130,744 shares of the company's stock valued at $2,245,000 after buying an additional 1,969 shares in the last quarter. 0.02% of the stock is owned by 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.