Bandai Namco (OTCMKTS:NCBDY) Releases Quarterly Earnings Results

Bandai Namco (OTCMKTS:NCBDY) released its quarterly earnings results 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 analysts’ expectations of C$2.29 billion.

Bandai Namco Trading Down 1.2%

Shares of OTCMKTS NCBDY traded down C$0.25 during midday trading on Thursday, hitting C$20.97. The company’s stock had a trading volume of 25,050 shares, compared to its average volume of 97,145. The business’s 50 day moving average is C$18.81 and its two-hundred day moving average is C$14.47. Bandai Namco has a 12-month low of C$10.94 and a 12-month high of C$21.99.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Bandai Namco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 3rd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Bandai Namco Company Profile

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.