Nintendo (OTCMKTS:NTDOY) Now Covered by Analysts at The Goldman Sachs Group

Investment analysts at The Goldman Sachs Group started coverage on shares of Nintendo (OTCMKTS:NTDOY) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the stock.

Nintendo Stock Performance

NTDOY traded down $0.32 on Tuesday, reaching $17.86. The company had a trading volume of 865,445 shares, compared to its average volume of 2,250,530. Nintendo has a 52-week low of $11.36 and a 52-week high of $19.47. The company has a market cap of $92.78 billion, a price-to-earnings ratio of 39.69 and a beta of 0.39. The business has a 50 day simple moving average of $17.33 and a 200 day simple moving average of $15.06.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.18 earnings per share (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%. As a group, equities research analysts predict that Nintendo will post 0.44 EPS for the current fiscal year.

Institutional Trading of Nintendo

A number of hedge funds have recently bought and sold shares of the company. Generali Investments CEE investicni spolecnost a.s. bought a new position in Nintendo during the fourth quarter valued at approximately $2,633,000. Kornitzer Capital Management Inc. KS boosted 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 purchasing an additional 50,000 shares in the last quarter. Sterling Capital Management LLC bought a new position in shares of Nintendo during the 4th quarter valued at $605,000. Fulton Bank N.A. purchased a new position in Nintendo in the 4th quarter worth $200,000. Finally, SVB Wealth LLC bought a new stake in Nintendo in the fourth quarter worth $192,000. Institutional investors own 0.02% of the company’s stock.

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.