Nintendo (OTCMKTS:NTDOY) Reaches New 12-Month High – Here’s What Happened

Nintendo Co., Ltd. (OTCMKTS:NTDOY)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $16.00 and last traded at $15.85, with a volume of 3150423 shares. The stock had previously closed at $15.35.

Analyst Ratings Changes

Separately, TD Cowen began coverage on shares of Nintendo in a research report on Monday, October 7th. They issued a “buy” rating for the company.

Nintendo Trading Up 3.3 %

The stock has a market cap of $82.34 billion, a PE ratio of 33.72 and a beta of 0.45. The company’s 50 day moving average is $14.54 and its 200-day moving average is $13.80.

Nintendo (OTCMKTS:NTDOY) last announced its earnings results on Tuesday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Nintendo had a return on equity of 12.78% and a net margin of 23.37%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $2.25 billion. As a group, analysts forecast that Nintendo Co., Ltd. will post 0.45 EPS for the current year.

Hedge Funds Weigh In On Nintendo

Several institutional investors and hedge funds have recently made changes to their positions in the business. Appleton Partners Inc. MA increased its stake in shares of Nintendo by 0.6% in the third quarter. Appleton Partners Inc. MA now owns 133,225 shares of the company’s stock worth $1,775,000 after buying an additional 780 shares during the last quarter. GAMMA Investing LLC grew its holdings in Nintendo by 53.4% during the 4th quarter. GAMMA Investing LLC now owns 12,948 shares of the company’s stock worth $189,000 after acquiring an additional 4,509 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Nintendo in the 3rd quarter worth about $99,000. Diversified Trust Co acquired a new stake in shares of Nintendo in the 4th quarter valued at about $182,000. Finally, Fulton Bank N.A. bought a new position in shares of Nintendo during the fourth quarter worth about $200,000. 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.