Bandai Namco (OTCMKTS:NCBDY) Shares Gap Down – Here’s What Happened

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at C$18.15, but opened at C$17.25. Bandai Namco shares last traded at C$17.25, with a volume of 297 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Bandai Namco to a “hold” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Bandai Namco Price Performance

The stock’s 50-day simple moving average is C$15.59 and its 200 day simple moving average is C$13.31.

About Bandai Namco

Bandai Namco Holdings Inc is a Japanese entertainment company that develops and distributes products and experiences based on original and licensed intellectual properties. Its businesses span toys and hobby products, video games, arcade entertainment, amusement facilities, anime, music and other visual entertainment content.

Through its toys and hobby operations, the company offers character merchandise, collectibles, model kits and trading cards. Its digital business develops and publishes console, PC and mobile games, while its amusement operations provide arcade games, machines and entertainment venues.