Nintendo (OTCMKTS:NTDOY) Reaches New 1-Year High - Here's What Happened

Key Points

• Nintendo's stock (OTCMKTS:NTDOY) reached a new 52-week high of $24.84 during trading, reflecting growing investor confidence and interest.
• Analysts are optimistic, with Benchmark and Wedbush both upgrading Nintendo to a "strong-buy" rating, contributing to a consensus rating of "Buy."
• The company reported earnings per share of $0.09, matching consensus estimates, while its quarterly revenue reached $3.80 billion.

Nintendo Co. (OTCMKTS:NTDOY - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $24.84 and last traded at $24.83, with a volume of 189754 shares trading hands. The stock had previously closed at $24.43.

Analyst Upgrades and Downgrades

NTDOY has been the subject of several analyst reports. Benchmark raised shares of Nintendo to a "strong-buy" rating in a report on Monday, May 19th. Citigroup initiated coverage on shares of Nintendo in a report on Friday, May 2nd. They set a "buy" rating for the company. Finally, Wedbush raised shares of Nintendo to a "strong-buy" rating in a report on Tuesday, July 1st. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Nintendo has a consensus rating of "Buy".

Nintendo Price Performance

The firm has a market cap of $129.25 billion, a price-to-earnings ratio of 59.24 and a beta of 0.64. The firm's fifty day moving average is $22.27 and its two-hundred day moving average is $19.97.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. Nintendo had a net margin of 19.61% and a return on equity of 9.77%. The company had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $448.24 billion. On average, equities analysts forecast that Nintendo Co. will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nintendo

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Azimuth Capital Investment Management LLC purchased a new position in Nintendo during the 1st quarter worth approximately $8,323,000. GAMMA Investing LLC grew its position 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 purchasing an additional 262,837 shares in the last quarter. Appleton Partners Inc. MA grew its position in Nintendo by 1.5% during 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 in the last quarter. Confluence Investment Management LLC boosted its stake in shares of Nintendo by 1.5% during the 2nd quarter. Confluence Investment Management LLC now owns 56,080 shares of the company's stock valued at $1,347,000 after buying an additional 843 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Nintendo by 13.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company's stock valued at $145,000 after buying an additional 724 shares during the period. 0.02% of the stock is currently 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.

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