Nintendo (OTCMKTS:NTDOY) Reaches New 1-Year High - Time to Buy?

Key Points

• Nintendo's stock reached a new 52-week high of $24.33 during trading, closing at $24.30 with a trading volume of 360,141 shares.
• Equities analysts have given Nintendo a consensus rating of "Buy," with several upgrades to "strong-buy" from firms like Benchmark and Wedbush.
• In the latest quarterly earnings, Nintendo reported earnings per share (EPS) of $0.09, meeting expectations, along with a revenue of $3.80 billion.

Nintendo Co. (OTCMKTS:NTDOY - Get Free Report) shares hit a new 52-week high during trading on Friday . The company traded as high as $24.33 and last traded at $24.30, with a volume of 360141 shares trading hands. The stock had previously closed at $23.47.

Wall Street Analyst Weigh In

NTDOY has been the subject of several recent research reports. Citigroup initiated coverage on shares of Nintendo in a research report on Friday, May 2nd. They issued a "buy" rating for the company. Benchmark raised shares of Nintendo to a "strong-buy" rating in a research report on Monday, May 19th. Finally, Wedbush raised shares of Nintendo to a "strong-buy" rating in a research report on Tuesday, July 1st. One 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 company's stock. Based on data from MarketBeat.com, Nintendo currently has an average rating of "Buy".

Nintendo Price Performance

The stock's 50 day moving average price is $21.92 and its two-hundred day moving average price is $19.69. The firm has a market capitalization of $127.19 billion, a price-to-earnings ratio of 58.30 and a beta of 0.64.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $448.24 billion. Nintendo had a net margin of 19.61% and a return on equity of 9.92%. As a group, equities research analysts anticipate that Nintendo Co. will post 0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Nintendo

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in Nintendo by 2,029.9% during 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 during the last quarter. Sterling Capital Management LLC acquired a new position in Nintendo during the 4th quarter valued at $605,000. Appleton Partners Inc. MA raised its stake in Nintendo by 1.5% during the 1st quarter. Appleton Partners Inc. MA now owns 130,744 shares of the company's stock valued at $2,245,000 after purchasing an additional 1,969 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Nintendo by 192.5% during the 1st quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company's stock valued at $31,000 after purchasing an additional 1,201 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in 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 purchasing an additional 724 shares during the last quarter. 0.02% of the stock is currently 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.