Square Enix (OTCMKTS:SQNXF) Trading Down 5.3% – Here’s What Happened

Shares of Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXFGet Free Report) fell 5.3% during mid-day trading on Wednesday . The stock traded as low as $16.44 and last traded at $17.8750. 1,318 shares traded hands during trading, an increase of 7,222% from the average session volume of 18 shares. The stock had previously closed at $18.8750.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein cut shares of Square Enix from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 30th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Check Out Our Latest Analysis on SQNXF

Square Enix Stock Up 1.8%

The stock’s 50-day moving average price is $19.21 and its 200-day moving average price is $43.92. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 49.08 and a beta of 0.51.

About Square Enix

(Get Free Report)

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.

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