Nintendo (OTCMKTS:NTDOY) Sets New 52-Week High – Time to Buy?

Nintendo Co., Ltd. (OTCMKTS:NTDOY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $18.93 and last traded at $18.90, with a volume of 4315739 shares traded. The stock had previously closed at $18.45.

Nintendo Stock Up 2.4 %

The company’s fifty day moving average price is $15.58 and its 200 day moving average price is $14.22. The company has a market capitalization of $98.18 billion, a P/E ratio of 42.00 and a beta of 0.45.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings data 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 12.14% and a net margin of 25.83%. Research analysts predict that Nintendo Co., Ltd. will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Diversified Trust Co bought a new position in Nintendo in the 4th quarter valued at about $182,000. GAMMA Investing LLC boosted its position in shares of 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. SVB Wealth LLC bought a new position in Nintendo in the fourth quarter valued at approximately $192,000. Fulton Bank N.A. acquired a new position in Nintendo during the fourth quarter valued at approximately $200,000. Finally, Sterling Capital Management LLC bought a new stake in Nintendo during the fourth quarter worth $605,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

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.