Bandai Namco (OTCMKTS:NCBDY) Hits New 12-Month High – Should You Buy?

Shares of Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$17.85 and last traded at C$17.64, with a volume of 2222 shares traded. The stock had previously closed at C$17.40.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NCBDY. Zacks Research raised Bandai Namco to a “hold” rating in a report on Thursday, May 28th. The Goldman Sachs Group lowered Bandai Namco from a “strong-buy” rating to a “sell” rating in a research report on Thursday, May 14th. One research 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 presently has an average rating of “Reduce”.

Bandai Namco Stock Up 1.4%

The stock’s fifty day simple moving average is C$13.63 and its 200-day simple moving average is C$12.80.

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.