Bandai Namco (OTCMKTS:NCBDY) Sees Strong Trading Volume - Here's What Happened

Key Points

• Bandai Namco experienced a significant uptick in trading volume, with approximately 64,001 shares traded, marking a 162% increase from the previous day.
• The stock received a "hold" rating from Zacks Research, contributing to an average rating of "Hold" from analysts.
• Bandai Namco currently has a market cap of C$22.11 billion and a price-to-earnings ratio of 0.28.

Bandai Namco Holdings Inc. - Unsponsored ADR (OTCMKTS:NCBDY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 64,001 shares were traded during trading, an increase of 162% from the previous session's volume of 24,397 shares.The stock last traded at C$17.06 and had previously closed at C$16.96.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Bandai Namco to a "hold" rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Bandai Namco presently has an average rating of "Hold".

Bandai Namco Trading Up 0.7%

The stock has a 50-day simple moving average of C$16.92 and a 200-day simple moving average of C$16.80. The company has a market cap of C$22.11 billion and a price-to-earnings ratio of 0.28.

Bandai Namco Company Profile

BANDAI NAMCO Holdings Inc develops entertainment-related products and services worldwide. The company operates through four segments: Digital Business, Toys and Hobby Business, IP Production Business, and Amusement Business. It offers toys, capsule and candy toys, cards, confectionery products, food, apparel, sundries, plastic models, figures, consumer electronics, stationery and visual products, pachinko and pachislot machines, medical and electronic-related equipment, playground equipment, bicycles, furniture, robot toys, prizes, and other products; and contract services for inspecting and testing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.