Square Enix (OTCMKTS:SQNXF) Sees Large Volume Increase – Should You Buy?

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) saw unusually-high trading volume on Thursday . Approximately 1,659 shares traded 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.

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 report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Square Enix currently has a consensus rating of “Strong Buy”.

Square Enix Price Performance

The company has a market cap of $6.58 billion, a PE ratio of 24.33 and a beta of 0.50. The business has a fifty day simple moving average of $16.12 and a two-hundred day simple moving average of $15.95.

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