Square Enix (OTCMKTS:SQNXF) Shares Gap Up – Time to Buy?

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) gapped up prior to trading on Tuesday . The stock had previously closed at $17.30, but opened at $19.09. Square Enix shares last traded at $19.09, with a volume of 2,000 shares traded.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised Square Enix from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Square Enix currently has a consensus rating of “Strong Buy”.

Square Enix Stock Performance

The company has a 50-day moving average price of $16.00 and a 200-day moving average price of $15.94. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 25.45 and a beta of 0.50.

Square Enix (OTCMKTS:SQNXF) last posted its quarterly earnings data 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 company had revenue of $492.09 million for the quarter, compared to analysts’ expectations of $412.01 million.

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.