Square Enix (OTCMKTS:SQNXF) Shares Gap Up – Time to Buy?

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $18.25, but opened at $19.30. Square Enix shares last traded at $19.30, with a volume of 101 shares traded.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded shares of 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, According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Square Enix Stock Performance

The stock has a market cap of $6.96 billion, a P/E ratio of 25.73 and a beta of 0.50. The firm has a 50 day simple moving average of $16.60 and a two-hundred day simple moving average of $16.03.

Square Enix (OTCMKTS:SQNXF) last released its quarterly earnings results on Monday, August 10th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.10. The company had revenue of $492.09 million for the quarter, compared to the consensus estimate of $412.01 million.

About Square Enix

Square Enix Holdings Co, Ltd. is a Japan-based entertainment company best known for developing, publishing and distributing interactive digital entertainment. Through its subsidiaries, the company produces console, PC and mobile video games, including role-playing, action and strategy titles, as well as online games and downloadable content. Its portfolio includes internationally recognized franchises such as Final Fantasy, Dragon Quest, Kingdom Hearts, NieR and Octopath Traveler.

The company also operates businesses outside game development and publishing, including arcade and amusement activities, manga and other publishing, and the licensing and merchandising of its intellectual property.