Square Enix (OTCMKTS:SQNXF) Shares Gap Down – Should You Sell?

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF)’s stock 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 traded.

Analyst Upgrades and Downgrades

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 investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Square Enix has an average rating of “Strong Buy”.

Square Enix Stock Up 10.3%

The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 25.45 and a beta of 0.50. The company’s 50-day moving average price is $16.06 and its 200-day moving average price is $15.95.

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