Nintendo (OTCMKTS:NTDOY) Rating Increased to Strong-Buy at Benchmark

Nintendo (OTCMKTS:NTDOY - Get Free Report) was upgraded by stock analysts at Benchmark to a "strong-buy" rating in a research note issued to investors on Monday,Zacks.com reports.

NTDOY has been the subject of a number of other reports. The Goldman Sachs Group started coverage on Nintendo in a research report on Tuesday, March 25th. They issued a "buy" rating for the company. Citigroup started coverage on Nintendo in a research report on Friday, May 2nd. They issued a "buy" rating for the company. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy".

Nintendo Stock Down 0.3%

OTCMKTS NTDOY traded down $0.05 during trading hours on Monday, hitting $19.90. 572,321 shares of the company were exchanged, compared to its average volume of 2,182,745. The company has a 50 day moving average of $18.67 and a two-hundred day moving average of $16.68. Nintendo has a 52-week low of $11.36 and a 52-week high of $22.08. The firm has a market cap of $103.38 billion, a price-to-earnings ratio of 44.22 and a beta of 0.61.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.06 EPS for the quarter, meeting analysts' consensus estimates of $0.06. Nintendo had a return on equity of 12.14% and a net margin of 25.83%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $215.06 billion. On average, equities research analysts predict that Nintendo will post 0.44 EPS for the current year.

Institutional Trading of Nintendo

Hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. raised its stake in shares of Nintendo by 192.5% during the 1st quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company's stock worth $31,000 after buying an additional 1,201 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Nintendo by 16.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company's stock worth $91,000 after buying an additional 749 shares in the last quarter. SVB Wealth LLC purchased a new position in Nintendo in the 4th quarter valued at approximately $192,000. GAMMA Investing LLC increased its stake in Nintendo by 24.1% in the 1st quarter. GAMMA Investing LLC now owns 16,062 shares of the company's stock valued at $276,000 after purchasing an additional 3,114 shares in the last quarter. Finally, Sterling Capital Management LLC purchased a new position in Nintendo in the 4th quarter valued at approximately $605,000. 0.02% of the stock is owned by institutional investors and hedge funds.

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.

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