Square Enix (OTCMKTS:SQNXF) Shares Gap Up – Here’s What Happened

Shares of Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) gapped up before the market opened on Monday . The stock had previously closed at $16.55, but opened at $18.00. Square Enix shares last traded at $18.00, with a volume of 300 shares.

Wall Street Analysts Forecast Growth

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

Square Enix Price Performance

The company has a market cap of $6.48 billion, a PE ratio of 45.96 and a beta of 0.51. The company has a 50-day moving average price of $19.18 and a two-hundred day moving average price of $43.18.

About Square Enix

Square Enix Holdings Co, Ltd., trading in the U.S. over-the-counter as SQNXF, is a Tokyo-based entertainment company widely recognized for its development and publishing of interactive digital entertainment. Formed in 2003 through the merger of Square Co, Ltd. and Enix Corporation, the company has built a reputation for producing narrative-driven role-playing game (RPG) franchises. Its flagship series include Final Fantasy, Dragon Quest and Kingdom Hearts, each of which has generated critical acclaim, spin-off media and merchandising opportunities around the world.

The company’s core business activities span the creation, marketing and distribution of video game software across console, PC and mobile platforms.