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

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

Wall Street Analyst Weigh In

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 investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Bandai Namco Stock Performance

The firm has a 50 day moving average price of C$17.85 and a 200-day moving average price 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.