Bandai Namco (OTCMKTS:NCBDY) Shares Gap Up – Time to Buy?

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at C$11.40, but opened at C$12.21. Bandai Namco shares last traded at C$12.22, with a volume of 650 shares trading hands.

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Bandai Namco presently has a consensus rating of “Reduce”.

Bandai Namco Stock Down 0.1%

The business has a 50 day simple moving average of C$12.27 and a 200 day simple moving average of C$13.15.

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.