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

Nintendo Co. (OTCMKTS:NTDOY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $24.09 and last traded at $24.02, with a volume of 1706112 shares. The stock had previously closed at $23.64.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Benchmark raised shares of Nintendo to a "strong-buy" rating in a report on Monday, May 19th. Citigroup initiated coverage on Nintendo in a research note on Friday, May 2nd. They set a "buy" rating for the company. Finally, The Goldman Sachs Group initiated coverage on Nintendo in a research note on Tuesday, March 25th. They issued a "buy" rating on the stock. 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. According to MarketBeat.com, Nintendo currently has an average rating of "Buy".

Nintendo Stock Up 1.6%

The business's fifty day moving average is $20.88 and its 200 day moving average is $18.19. The stock has a market cap of $124.78 billion, a PE ratio of 61.59 and a beta of 0.60.

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

Institutional Investors Weigh In On Nintendo

A number of large investors have recently bought and sold shares of the stock. Sterling Capital Management LLC acquired a new position in shares of Nintendo in the fourth quarter valued at approximately $605,000. GAMMA Investing LLC raised its holdings in Nintendo by 2,029.9% in the 1st quarter. GAMMA Investing LLC now owns 275,785 shares of the company's stock valued at $4,735,000 after acquiring an additional 262,837 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Nintendo in the 4th quarter valued at $2,633,000. SVB Wealth LLC acquired a new stake in shares of Nintendo during the fourth quarter worth $192,000. Finally, Appleton Partners Inc. MA boosted its holdings in shares of Nintendo by 1.5% during the first 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 last quarter. Institutional investors and hedge funds own 0.02% of the company's stock.

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.

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