Bandai Namco (OTCMKTS:NCBDY) Shares Gap Up – Should You Buy?

Shares of Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) gapped up prior to trading on Monday . The stock had previously closed at C$12.39, but opened at C$13.47. Bandai Namco shares last traded at C$13.41, with a volume of 7,969 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Zacks Research upgraded Bandai Namco to a “hold” rating in a research report on Thursday, May 28th. The Goldman Sachs Group cut Bandai Namco from a “strong-buy” rating to a “sell” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Bandai Namco Stock Up 2.3%

The stock’s 50 day simple moving average is C$11.92 and its 200 day simple moving average is C$12.40.

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.