Square Enix (OTCMKTS:SQNXF) Shares Gap Down – Should You Sell?

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $19.88, but opened at $18.63. Square Enix shares last traded at $18.63, with a volume of 499 shares.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein downgraded Square Enix from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 30th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Square Enix Stock Performance

The business has a fifty day moving average of $21.09 and a two-hundred day moving average of $51.92. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 62.04 and a beta of 0.49.

About Square Enix

Square Enix Holdings Co, Ltd. operates in the content and service businesses in Japan and internationally. It operates through Digital Entertainment Business, Amusement Business, Publishing Business, and Rights Property Business. The company plans, develops, sells, and manages digital entertainment content primarily in the form of computer games.