Bandai Namco (OTCMKTS:NCBDY) Shares Up 10.4% – Time to Buy?

Shares of Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) traded up 10.4% during trading on Tuesday . The company traded as high as C$13.89 and last traded at C$13.89. Approximately 45,132 shares changed hands during trading, a decline of 59% from the average session volume of 111,309 shares. The stock had previously closed at C$12.58.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NCBDY shares. 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 raised shares of 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Bandai Namco Trading Up 4.8%

The firm has a fifty day moving average price of C$11.97 and a two-hundred day moving average price of C$12.41.

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.