Bandai Namco (OTCMKTS:NCBDY) Trading Down 5.3% – Time to Sell?

Shares of Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) traded down 5.3% on Friday . The stock traded as low as C$11.59 and last traded at C$11.59. 15,440 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 110,713 shares. The stock had previously closed at C$12.23.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Bandai Namco from a “strong-buy” rating to a “sell” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Bandai Namco Stock Down 1.6%

The business has a 50 day moving average price of C$12.24 and a 200 day moving average price of C$13.13.

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.