Square Enix (OTCMKTS:SQNXF) Sets New 12-Month High – Still a Buy?

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $60.40 and last traded at $60.40, with a volume of 1155 shares changing hands. The stock had previously closed at $59.72.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group began coverage on Square Enix in a research note on Tuesday, March 25th. They set a “sell” rating for the company.

Square Enix Price Performance

The stock’s 50 day moving average price is $49.62 and its two-hundred day moving average price is $43.92. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 90.15 and a beta of 0.55.

Square Enix (OTCMKTS:SQNXF) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.15). Square Enix had a return on equity of 10.63% and a net margin of 3.52%. The business had revenue of $506.53 million during the quarter, compared to the consensus estimate of $531.54 million. As a group, equities research analysts anticipate that Square Enix Holdings Co., Ltd. will post 1.71 EPS for the current fiscal year.

About Square Enix

Square Enix Holdings Co, Ltd. operates in the content and service businesses in Japan and internationally. It operates through Digital Entertainment Business, Amusement Business, Publishing Business, and Rights Property Business. The company plans, develops, sells, and manages digital entertainment content primarily in the form of computer games.