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

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$17.95 and last traded at C$17.95, with a volume of 1356 shares traded. The stock had previously closed at C$17.75.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NCBDY shares. Zacks Research upgraded shares of Bandai Namco to a “hold” rating in a research note on Thursday, May 28th. The Goldman Sachs Group lowered 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Bandai Namco Price Performance

The business has a 50 day simple moving average of C$14.28 and a 200 day simple moving average of C$12.96.

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.