Bandai Namco (OTCMKTS:NCBDY) Reaches New 12-Month High – Here’s What Happened

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$17.95 and last traded at C$17.95, with a volume of 1356 shares changing hands. The stock had previously closed at C$17.75.

Wall Street Analysts Forecast Growth

NCBDY has been the topic of several research reports. The Goldman Sachs Group downgraded shares of Bandai Namco from a “strong-buy” rating to a “sell” rating in a report on Thursday, May 14th. Zacks Research upgraded Bandai Namco to a “hold” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Bandai Namco presently has an average rating of “Reduce”.

Bandai Namco Trading Up 0.7%

The company’s fifty day moving average price is C$14.28 and its two-hundred day moving average price is C$12.96.

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.