Nintendo Co., Ltd. (OTCMKTS:NTDOY - Get Free Report)'s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $17.72 and traded as low as $17.29. Nintendo shares last traded at $17.36, with a volume of 5,357,871 shares changing hands.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group assumed coverage on Nintendo in a research report on Tuesday, March 25th. They issued a "buy" rating for the company.
Check Out Our Latest Report on NTDOY
Nintendo Trading Up 1.4 %
The company has a market cap of $83.74 billion, a P/E ratio of 35.82 and a beta of 0.63. The company's fifty day moving average is $17.75 and its 200 day moving average is $15.32.
Nintendo (OTCMKTS:NTDOY - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). Nintendo had a return on equity of 12.14% and a net margin of 25.83%. Analysts anticipate that Nintendo Co., Ltd. will post 0.44 EPS for the current year.
Institutional Investors Weigh In On Nintendo
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Nintendo by 53.4% during the 4th quarter. GAMMA Investing LLC now owns 12,948 shares of the company's stock valued at $189,000 after purchasing an additional 4,509 shares during the period. Diversified Trust Co bought a new position in Nintendo in the 4th quarter worth $182,000. Fulton Bank N.A. bought a new stake in shares of Nintendo during the 4th quarter valued at about $200,000. Kornitzer Capital Management Inc. KS increased its position in shares of Nintendo by 49.8% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 150,320 shares of the company's stock valued at $2,215,000 after buying an additional 50,000 shares during the period. Finally, SVB Wealth LLC bought a new position in Nintendo in the fourth quarter worth about $192,000. 0.02% of the stock is currently owned by institutional investors.
About Nintendo
(
Get Free Report)
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.
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