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

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF)’s share price gapped down before the market opened on Monday . The stock had previously closed at $18.22, but opened at $17.30. Square Enix shares last traded at $17.30, with a volume of 127 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein upgraded Square Enix from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Square Enix presently has an average rating of “Strong Buy”.

Square Enix Price Performance

The company’s 50 day moving average price is $15.97 and its two-hundred day moving average price is $15.96. The stock has a market capitalization of $6.24 billion, a PE ratio of 23.07 and a beta of 0.50.

Square Enix (OTCMKTS:SQNXF) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.10. The business had revenue of $492.09 million for the quarter, compared to analyst estimates of $412.01 million.

Square Enix Company Profile

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.