Bandai Namco (OTCMKTS:NCBDY) Shares Gap Down – What’s Next?

Shares of Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) gapped down before the market opened on Wednesday. The stock had previously closed at C$19.96, but opened at C$18.63. Bandai Namco shares last traded at C$18.47, with a volume of 736 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Bandai Namco from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Bandai Namco Trading Down 5.6%

The company has a 50-day moving average price of C$18.21 and a two-hundred day moving average price of C$14.09.

Bandai Namco Company Profile

Bandai Namco Holdings Inc is a Japanese entertainment company that develops and distributes products and services built around a broad portfolio of intellectual property. Its businesses include toys and hobby products, video games, amusement facilities and machines, visual and music content, and related licensing and merchandising activities.

The company is known for franchises such as PAC-MAN, Tekken, Gundam, Tamagotchi, and its extensive character and animation properties. Through these brands, Bandai Namco produces console, PC, and mobile games; character toys and collectibles; arcade equipment; animation and other media content; and entertainment experiences for consumers of different ages.

Bandai Namco was established as a holding company in 2005 following the integration of Bandai and Namco.