Nintendo (OTCMKTS:NTDOY) Stock Price Up 0.6% – Here’s Why

Shares of Nintendo Co., Ltd. (OTCMKTS:NTDOY) were up 0.6% during mid-day trading on Monday . The company traded as high as $14.77 and last traded at $14.74. Approximately 1,302,200 shares changed hands during trading, an increase of 51% from the average daily volume of 865,091 shares. The stock had previously closed at $14.65.

Analysts Set New Price Targets

A number of research firms have recently commented on NTDOY. Wolfe Research upgraded Nintendo to a “hold” rating in a report on Sunday, September 22nd. TD Cowen began coverage on shares of Nintendo in a research report on Monday, October 7th. They set a “buy” rating for the company.

Nintendo Trading Up 0.6 %

The business has a 50 day simple moving average of $13.34 and a two-hundred day simple moving average of $13.45.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NTDOY. ORG Wealth Partners LLC acquired a new position in Nintendo in the third quarter worth about $99,000. Fulton Bank N.A. lifted its holdings in Nintendo by 10.7% during the 2nd quarter. Fulton Bank N.A. now owns 12,681 shares of the company’s stock worth $169,000 after buying an additional 1,223 shares during the last quarter. O Brien Greene & Co. Inc grew its position in shares of Nintendo by 2.7% in the 2nd quarter. O Brien Greene & Co. Inc now owns 38,505 shares of the company’s stock worth $512,000 after acquiring an additional 995 shares in the last quarter. Finally, Appleton Partners Inc. MA increased its holdings in shares of Nintendo by 0.6% in the 3rd quarter. Appleton Partners Inc. MA now owns 133,225 shares of the company’s stock valued at $1,775,000 after acquiring an additional 780 shares during the last quarter. 0.02% of the stock is owned by institutional investors and hedge funds.

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.