Bandai Namco (OTCMKTS:NCBDY) Sets New 12-Month High – Here’s Why

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$17.95 and last traded at C$17.95, with a volume of 1356 shares trading hands. The stock had previously closed at C$17.75.

Analyst Ratings Changes

NCBDY has been the topic of several research reports. The Goldman Sachs Group lowered shares of Bandai Namco from a “strong-buy” rating to a “sell” rating in a report on Thursday, May 14th. Zacks Research upgraded shares of Bandai Namco to a “hold” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Bandai Namco Stock Performance

The stock has a 50 day moving average price of C$14.54 and a 200 day moving average price of C$13.02.

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.