Bandai Namco (OTCMKTS:NCBDY) Trading 10.4% Higher – Here’s What Happened

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDYGet Free Report)’s share price rose 10.4% on Tuesday . The company traded as high as C$13.89 and last traded at C$13.89. 45,132 shares traded hands during trading, a decline of 59% from the average daily volume of 111,309 shares. The stock had previously closed at C$12.58.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Zacks Research upgraded Bandai Namco to a “hold” rating in a research report on Thursday, May 28th. The Goldman Sachs Group lowered Bandai Namco from a “strong-buy” rating to a “sell” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce”.

Read Our Latest Stock Analysis on Bandai Namco

Bandai Namco Stock Performance

The firm has a 50 day simple moving average of C$11.89 and a two-hundred day simple moving average of C$12.40.

Bandai Namco Company Profile

(Get Free Report)

Bandai Namco Holdings Inc is a Japanese multinational company specializing in the creation and distribution of entertainment products and services. Formed in 2005 through the merger of Bandai Co, Ltd. and Namco Ltd., the company brings together expertise in toy manufacturing, video game development and publishing, amusement facilities, and digital content. Its diverse portfolio spans physical playthings, interactive software, themed attractions and character licensing.

In its Toys & Hobby segment, Bandai Namco produces collectible models, action figures and playsets, including the popular Gundam plastic model kits and Dragon Ball figurines.

Further Reading

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