Bandai Namco (OTCMKTS:NCBDY) Shares Gap Down - Here's What Happened

Key Points

• Bandai Namco's stock gapped down from C$17.02 to C$16.40 before closing at C$16.92, with a trading volume of 6,929 shares.
• Zacks Research has upgraded Bandai Namco to a "hold" rating, with a consensus rating of "hold" among analysts.
• The company's market capitalization stands at C$21.91 billion, featuring a price-to-earnings ratio of 0.28.

Bandai Namco Holdings Inc. - Unsponsored ADR (OTCMKTS:NCBDY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at C$17.02, but opened at C$16.40. Bandai Namco shares last traded at C$16.92, with a volume of 6,929 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded Bandai Namco to a "hold" rating in a research report on Friday, August 15th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Bandai Namco has an average rating of "Hold".

Bandai Namco Trading Down 0.9%

The firm has a fifty day simple moving average of C$16.95 and a 200-day simple moving average of C$16.80. The stock has a market cap of C$21.85 billion and a price-to-earnings 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.