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

Shares of Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) gapped up before the market opened on Thursday . The stock had previously closed at $18.25, but opened at $19.30. Square Enix shares last traded at $19.30, with a volume of 101 shares trading hands.

Wall Street Analyst Weigh In

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

Square Enix Price Performance

The firm has a market capitalization of $6.96 billion, a PE ratio of 25.73 and a beta of 0.50. The firm has a fifty day moving average price of $16.60 and a 200 day moving average price of $16.03.

Square Enix (OTCMKTS:SQNXF) last issued 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 company had revenue of $492.09 million during the quarter, compared to analysts’ expectations of $412.01 million.

About Square Enix

Square Enix Holdings Co, Ltd. is a Japan-based entertainment company best known for developing, publishing and distributing interactive digital entertainment. Through its subsidiaries, the company produces console, PC and mobile video games, including role-playing, action and strategy titles, as well as online games and downloadable content. Its portfolio includes internationally recognized franchises such as Final Fantasy, Dragon Quest, Kingdom Hearts, NieR and Octopath Traveler.

The company also operates businesses outside game development and publishing, including arcade and amusement activities, manga and other publishing, and the licensing and merchandising of its intellectual property.