Bandai Namco (OTCMKTS:NCBDY) Shares Gap Down – Should You Sell?

Shares of Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) gapped down before the market opened on Thursday . The stock had previously closed at C$12.23, but opened at C$11.70. Bandai Namco shares last traded at C$11.71, with a volume of 14,846 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of Bandai Namco from a “strong-buy” rating to a “sell” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bandai Namco presently has a consensus rating of “Reduce”.

Bandai Namco Price Performance

The stock’s 50 day simple moving average is C$12.20 and its 200-day simple moving average is C$13.12.

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.