Bandai Namco (OTCMKTS:NCBDY) Hits New 12-Month High – Here’s What Happened

Shares of Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) reached a new 52-week high during trading on Tuesday . The company traded as high as C$17.85 and last traded at C$17.64, with a volume of 2222 shares traded. The stock had previously closed at C$17.40.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lowered shares of Bandai Namco from a “strong-buy” rating to a “sell” rating in a research note on Thursday, May 14th. Zacks Research upgraded Bandai Namco to a “hold” rating in a research note on Thursday, May 28th. 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 presently has an average rating of “Reduce”.

Bandai Namco Stock Up 1.1%

The business has a fifty day simple moving average of C$13.89 and a two-hundred day simple moving average of C$12.87.

About Bandai Namco

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.