The Goldman Sachs Group Begins Coverage on Nintendo (OTCMKTS:NTDOY)

The Goldman Sachs Group began coverage on shares of Nintendo (OTCMKTS:NTDOY) in a note issued to investors on Tuesday. The firm set a “buy” rating on the stock.

Nintendo Price Performance

Shares of NTDOY traded down $0.32 during trading hours on Tuesday, hitting $17.86. The company’s stock had a trading volume of 865,445 shares, compared to its average volume of 2,250,530. The business has a 50 day simple moving average of $17.33 and a two-hundred day simple moving average of $15.06. 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.

Nintendo (OTCMKTS:NTDOY) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Nintendo had a net margin of 25.83% and a return on equity of 12.14%. Research analysts predict that Nintendo will post 0.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Diversified Trust Co purchased a new stake in shares of Nintendo in the fourth quarter worth about $182,000. GAMMA Investing LLC lifted its stake in Nintendo by 53.4% in the 4th quarter. GAMMA Investing LLC now owns 12,948 shares of the company’s stock worth $189,000 after purchasing an additional 4,509 shares in the last quarter. SVB Wealth LLC bought a new position in Nintendo in the 4th quarter valued at $192,000. Fulton Bank N.A. bought a new position in Nintendo in the 4th quarter valued at $200,000. Finally, Sterling Capital Management LLC purchased a new position in shares of Nintendo during the 4th quarter valued at $605,000. Hedge funds and other 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.