Bandai Namco (OTCMKTS:NCBDY) Releases Earnings Results

Bandai Namco (OTCMKTS:NCBDY) posted its quarterly earnings data on Tuesday. The company reported C$0.24 earnings per share for the quarter, Zacks reports. The company had revenue of C$2.51 billion for the quarter, compared to analysts’ expectations of C$2.29 billion.

Bandai Namco Trading Down 0.9%

OTCMKTS NCBDY traded down C$0.18 on Thursday, hitting C$21.04. 20,063 shares of the stock were exchanged, compared to its average volume of 97,117. Bandai Namco has a fifty-two week low of C$10.94 and a fifty-two week high of C$21.99. The company has a 50-day moving average price of C$18.81 and a 200-day moving average price of C$14.47.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Bandai Namco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 3rd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

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.