Square Enix (OTCMKTS:SQNXF) Sees Unusually-High Trading Volume – Here’s Why

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) shares saw unusually-high trading volume on Thursday . Approximately 1,659 shares changed hands during trading, an increase of 251% from the previous session’s volume of 473 shares.The stock last traded at $18.25 and had previously closed at $19.09.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised 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 data from MarketBeat, Square Enix currently has an average rating of “Strong Buy”.

Square Enix Price Performance

The company has a market cap of $6.58 billion, a P/E ratio of 24.33 and a beta of 0.50. The stock’s 50-day moving average price is $16.21 and its 200 day moving average price is $15.97.

Square Enix (OTCMKTS:SQNXF) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.10. The firm had revenue of $492.09 million for the quarter, compared to the consensus estimate 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.