Bandai Namco (OTCMKTS:NCBDY) Reaches New 1-Year High – Here’s Why

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) shares hit a new 52-week high during trading on Tuesday. The company traded as high as C$20.22 and last traded at C$20.22, with a volume of 50,697 shares trading hands. The stock had previously closed at C$19.71.

Analyst Ratings Changes

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

Bandai Namco Price Performance

The firm has a 50-day simple moving average of C$17.85 and a two-hundred day simple moving average of C$14.21.

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.