Paradox Interactive AB (publ) (OTCMKTS:PRXXF) Stock Price Up 5.3% – Here’s Why

Shares of Paradox Interactive AB (publ) (OTCMKTS:PRXXF) shot up 5.3% during trading on Thursday . The company traded as high as $15.2036 and last traded at $15.2036. 147 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 387 shares. The stock had previously closed at $14.4440.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities upgraded shares of Paradox Interactive AB (publ) from a “hold” rating to a “buy” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Paradox Interactive AB (publ) Stock Performance

The firm’s 50-day simple moving average is $13.97 and its 200 day simple moving average is $13.84.

About Paradox Interactive AB (publ)

Paradox Interactive AB (publ) (OTCMKTS:PRXXF) is a Sweden-based global video game publisher and developer best known for its portfolio of deep strategy and simulation titles across PC, console and mobile platforms. The company’s key franchises include Europa Universalis, Crusader Kings, Hearts of Iron and Cities: Skylines, which leverage extensive downloadable content, mod support and community-driven expansions. Paradox also operates its own digital storefront and subscription service, enabling direct delivery of game updates, expansions and exclusive in-game content to its audience.

Originally established as part of Target Games in the late 1990s and spun off as an independent publisher in 2004, Paradox Interactive has since pursued both organic development and strategic studio acquisitions to broaden its offering.