Bandai Namco (OTCMKTS:NCBDY) Shares Up 5.3% – Here’s Why

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) traded up 5.3% during mid-day trading on Tuesday. The company traded as high as C$21.85 and last traded at C$21.38. Approximately 15,159 shares traded hands during trading, a decline of 85% from the average session volume of 98,001 shares. The stock had previously closed at C$20.30.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Bandai Namco Stock Down 0.6%

The business has a fifty day moving average of C$18.81 and a two-hundred day moving average of C$14.47.

Bandai Namco (OTCMKTS:NCBDY) last released its quarterly earnings results on Tuesday, November 10th. The company reported C$0.24 earnings per share (EPS) for the quarter. The company had revenue of C$2.51 billion during the quarter, compared to analyst estimates of C$2.29 billion. Analysts forecast that Bandai Namco Holdings Inc. – Unsponsored ADR will post 0.83 earnings per share for the current fiscal year.

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.