Square Enix (OTCMKTS:SQNXF) Sees Large Volume Increase – Still a Buy?

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) 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.

Wall Street Analyst Weigh In

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

Square Enix Price Performance

The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 24.33 and a beta of 0.50. The stock’s 50 day simple moving average is $16.12 and its two-hundred day simple moving average 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 company 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.