Bandai Namco (OTCMKTS:NCBDY) Shares Gap Up – Here’s What Happened

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at C$14.10, but opened at C$15.66. Bandai Namco shares last traded at C$15.69, with a volume of 2,123 shares.

Wall Street Analysts Forecast Growth

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

Bandai Namco Stock Performance

The company has a 50 day moving average price of C$12.43 and a two-hundred day moving average price of C$12.49.

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.