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

Nintendo Co. (OTCMKTS:NTDOY - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as $22.87 and last traded at $22.86, with a volume of 365705 shares. The stock had previously closed at $21.57.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Benchmark raised Nintendo to a "strong-buy" rating in a report on Monday, May 19th. Citigroup began coverage on 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 Nintendo in a research report on Tuesday, March 25th. They issued a "buy" rating for the company. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy".

Nintendo Stock Performance

The company has a market cap of $118.91 billion, a P/E ratio of 58.69 and a beta of 0.60. The business's fifty day moving average is $20.07 and its two-hundred day moving average is $17.72.

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. Nintendo had a return on equity of 10.51% and a net margin of 23.81%. The company had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $215.06 billion. Analysts expect that Nintendo Co. will post 0.44 EPS for the current fiscal year.

Institutional Trading of Nintendo

A number of institutional investors and hedge funds have recently made changes to their positions in NTDOY. Kornitzer Capital Management Inc. KS lifted its position in Nintendo by 49.8% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 150,320 shares of the company's stock worth $2,215,000 after buying an additional 50,000 shares in the last quarter. SVB Wealth LLC acquired a new stake in Nintendo during the 4th quarter worth approximately $192,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Nintendo in the fourth quarter valued at $2,633,000. Sterling Capital Management LLC acquired a new position in shares of Nintendo during the fourth quarter worth about $605,000. Finally, GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 262,837 shares in the last quarter. 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.