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

Nintendo (OTCMKTS:NTDOY - Get Free Report) was upgraded by equities researchers at Wedbush to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the company. Citigroup started coverage on Nintendo in a research note on Friday, May 2nd. They set a "buy" rating for the company. Benchmark raised Nintendo to a "strong-buy" rating in a report on Monday, May 19th. Finally, The Goldman Sachs Group began coverage on Nintendo in a report on Tuesday, March 25th. They set a "buy" rating on the stock. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Nintendo presently has an average rating of "Buy".

Nintendo Stock Down 0.3%

Shares of Nintendo stock traded down $0.07 on Tuesday, hitting $22.75. The stock had a trading volume of 387,161 shares, compared to its average volume of 2,001,556. Nintendo has a one year low of $11.36 and a one year high of $24.09. The stock has a market cap of $118.18 billion, a price-to-earnings ratio of 58.51 and a beta of 0.63. The stock's 50-day simple moving average is $21.06 and its two-hundred day simple moving average is $18.25.

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, meeting the consensus estimate 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 net margin of 23.81% and a return on equity of 10.51%. As a group, equities analysts predict that Nintendo will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NTDOY. PNC Financial Services Group Inc. increased its position in shares of Nintendo by 16.4% in the first quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company's stock valued at $91,000 after buying an additional 749 shares in the last quarter. Confluence Investment Management LLC raised its position in Nintendo by 1.5% in the second quarter. Confluence Investment Management LLC now owns 56,080 shares of the company's stock valued at $1,347,000 after purchasing an additional 843 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Nintendo by 192.5% in the 1st quarter. First Horizon Advisors Inc. now owns 1,825 shares of the company's stock valued at $31,000 after buying an additional 1,201 shares during the period. Appleton Partners Inc. MA raised its holdings in shares of Nintendo by 1.5% in the 1st quarter. Appleton Partners Inc. MA now owns 130,744 shares of the company's stock valued at $2,245,000 after buying an additional 1,969 shares during the period. Finally, GAMMA Investing LLC grew its stake in Nintendo by 24.1% during the 1st quarter. GAMMA Investing LLC now owns 16,062 shares of the company's stock worth $276,000 after purchasing an additional 3,114 shares in the last quarter. 0.02% of the stock is currently owned by hedge funds and other institutional investors.

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.