Bandai Namco (OTCMKTS:NCBDY) Hits New 12-Month High – Should You Buy?

Shares of Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$17.85 and last traded at C$17.64, with a volume of 2222 shares trading hands. The stock had previously closed at C$17.40.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NCBDY shares. The Goldman Sachs Group cut Bandai Namco from a “strong-buy” rating to a “sell” rating in a report on Thursday, May 14th. Zacks Research raised shares of Bandai Namco to a “hold” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Bandai Namco has an average rating of “Reduce”.

Bandai Namco Stock Up 1.4%

The business has a fifty day moving average of C$13.63 and a 200 day moving average of C$12.80.

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.