Nintendo (OTCMKTS:NTDOY) Hits New 1-Year High – Here’s Why

Nintendo Co., Ltd. (OTCMKTS:NTDOY)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $15.77 and last traded at $15.64, with a volume of 3340213 shares. The stock had previously closed at $15.23.

Analysts Set New Price Targets

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

Nintendo Stock Performance

The company has a fifty day simple moving average of $14.40 and a 200-day simple moving average of $13.77.

Institutional Trading of Nintendo

Large investors have recently added to or reduced their stakes in the company. Fulton Bank N.A. purchased a new position in shares of Nintendo during the fourth quarter valued at $200,000. Diversified Trust Co acquired a new stake in Nintendo during the 4th quarter worth about $182,000. ORG Wealth Partners LLC purchased a new position in Nintendo during the 3rd quarter valued at about $99,000. GAMMA Investing LLC increased its holdings in shares of Nintendo by 53.4% in 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. Finally, Appleton Partners Inc. MA lifted its position 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 purchasing an additional 780 shares in the last quarter. 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.