Bandai Namco (OTCMKTS:NCBDY) Shares Gap Down – Time to Sell?

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at C$12.23, but opened at C$11.70. Bandai Namco shares last traded at C$11.71, with a volume of 14,846 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Bandai Namco from a “strong-buy” rating to a “sell” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Bandai Namco has a consensus rating of “Reduce”.

Bandai Namco Price Performance

The firm has a 50-day simple moving average of C$12.27 and a two-hundred day simple moving average of C$13.15.

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.