Square Enix (OTCMKTS:SQNXF) Shares Gap Up – Still a Buy?

Shares of Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) gapped up before the market opened 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 trading hands.

Analyst Ratings Changes

Separately, Sanford C. Bernstein upgraded shares of Square Enix from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. One investment 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 Stock Performance

The stock has a market cap of $6.80 billion, a P/E ratio of 25.16 and a beta of 0.50. The company’s fifty day moving average price is $16.12 and its 200-day moving average price is $15.95.

Square Enix (OTCMKTS:SQNXF) last announced 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 during the quarter, compared to the consensus estimate 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.