Bandai Namco (OTCMKTS:NCBDY) Shares Gap Up – Here’s Why

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) gapped up prior to trading on Tuesday . The stock had previously closed at C$11.40, but opened at C$12.21. Bandai Namco shares last traded at C$12.22, with a volume of 650 shares trading hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered shares of 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 given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce”.

Bandai Namco Price Performance

The business’s fifty day moving average price is C$12.30 and its 200-day moving average price is C$13.20.

Bandai Namco Company Profile

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.