Nintendo (OTCMKTS:NTDOY) Hits New 52-Week High – Here’s Why

Nintendo Co., Ltd. (OTCMKTS:NTDOY) reached a new 52-week high on Wednesday . The company traded as high as $17.45 and last traded at $17.25, with a volume of 2868759 shares traded. The stock had previously closed at $16.44.

Nintendo Trading Up 4.9 %

The company has a fifty day simple moving average of $15.02 and a 200-day simple moving average of $13.94. The company has a market capitalization of $89.61 billion, a PE ratio of 36.70 and a beta of 0.45.

Nintendo (OTCMKTS:NTDOY) last issued its earnings results on Tuesday, February 4th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Nintendo had a return on equity of 12.78% and a net margin of 23.37%. On average, equities analysts predict that Nintendo Co., Ltd. will post 0.46 EPS for the current fiscal year.

Institutional Trading of Nintendo

A number of hedge funds and other institutional investors have recently modified their holdings of NTDOY. Kornitzer Capital Management Inc. KS raised its stake in shares of Nintendo by 49.8% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 150,320 shares of the company’s stock valued at $2,215,000 after acquiring an additional 50,000 shares during the period. Fulton Bank N.A. acquired a new stake in shares of Nintendo in the fourth quarter valued at $200,000. SVB Wealth LLC acquired a new position in Nintendo during the 4th quarter worth about $192,000. GAMMA Investing LLC lifted its stake 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. Finally, Diversified Trust Co acquired a new position in Nintendo in the 4th quarter valued at about $182,000. 0.02% of the stock is 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.