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 Monday . The stock had previously closed at C$12.39, but opened at C$13.47. Bandai Namco shares last traded at C$13.41, with a volume of 7,969 shares traded.

Analyst Ratings Changes

Several research firms recently commented on NCBDY. Zacks Research upgraded Bandai Namco to a “hold” rating in a research report on Thursday, May 28th. The Goldman Sachs Group lowered shares of Bandai Namco from a “strong-buy” rating to a “sell” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Bandai Namco Stock Up 6.9%

The business’s fifty day moving average is C$11.85 and its two-hundred day moving average is C$12.40.

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.