Square Enix (OTCMKTS:SQNXF) Shares Gap Down – What’s Next?

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) shares gapped down prior to trading on Thursday . The stock had previously closed at $17.8750, but opened at $16.55. Square Enix shares last traded at $16.55, with a volume of 700 shares traded.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein downgraded Square Enix from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 30th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Square Enix Trading Down 7.4%

The stock has a 50 day simple moving average of $19.33 and a 200-day simple moving average of $44.47. The firm has a market cap of $5.96 billion, a PE ratio of 48.20 and a beta of 0.51.

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.