Bandai Namco (OTCMKTS:NCBDY) Issues Earnings Results

Bandai Namco (OTCMKTS:NCBDY) released its quarterly earnings data on Tuesday. The company reported C$0.24 earnings per share for the quarter, Zacks reports. The company had revenue of C$2.51 billion for the quarter, compared to analyst estimates of C$2.29 billion.

Bandai Namco Price Performance

OTCMKTS NCBDY traded down C$0.25 on Thursday, reaching C$20.97. The company had a trading volume of 25,229 shares, compared to its average volume of 97,147. The company’s fifty day moving average is C$18.81 and its 200-day moving average is C$14.47. Bandai Namco has a 1-year low of C$10.94 and a 1-year high of C$21.99.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Bandai Namco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 3rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Bandai Namco currently has a consensus rating of “Reduce”.

About Bandai Namco

Bandai Namco Holdings Inc. is a Japanese entertainment company whose businesses span digital games, toys and hobby products, amusement facilities and machines, and visual and music content. Its products and services draw on a portfolio of original and licensed intellectual properties, including Gundam, Pac-Man, Dragon Ball, and One Piece. The company was formed in 2005 through the integration of Bandai, known for toys and character products, and Namco, known for arcade games and amusement businesses.