Bandai Namco (OTCMKTS:NCBDY) Sees Unusually-High Trading Volume - Still a Buy?

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) shares saw unusually-high trading volume on Wednesday . Approximately 64,001 shares were traded during mid-day 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 Analyst Weigh In

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

Bandai Namco Price Performance

The stock has a 50 day simple moving average of C$16.95 and a two-hundred day simple moving average of C$16.80. The company has a market cap of C$22.00 billion and a PE ratio of 0.28.

About Bandai Namco

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.