Embracer Group AB (publ) (OTCMKTS:THQQF) Trading 9.5% Higher – Here’s Why

Embracer Group AB (publ) (OTCMKTS:THQQF) was up 9.5% during mid-day trading on Monday . The company traded as high as $8.22 and last traded at $8.22. Approximately 402 shares traded hands during trading, a decline of 70% from the average daily volume of 1,337 shares. The stock had previously closed at $7.51.

Embracer Group AB (publ) Stock Performance

The firm’s 50 day moving average is $7.42 and its 200 day moving average is $6.68.

Embracer Group AB (publ) Company Profile

Embracer Group AB (publ) is a global video game and entertainment holding company based in Karlstad, Sweden. The company’s core business activities encompass the development, publishing and distribution of interactive entertainment across a variety of platforms, including console, PC and mobile. Through its decentralized operating model, Embracer Group partners with internal and externally acquired studios to manage a broad portfolio of game titles and intellectual property.

Embracer Group’s expansive network of subsidiaries and labels includes prominent names such as THQ Nordic, Koch Media, Coffee Stain and Gearbox Entertainment, among others.