Square Enix (OTCMKTS:SQNXF) Shares Gap Down – Should You Sell?

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $18.62, but opened at $16.7859. Square Enix shares last traded at $18.80, with a volume of 373 shares.

Square Enix Price Performance

The business’s 50 day moving average price is $18.63 and its 200 day moving average price is $36.95. The firm has a market cap of $6.77 billion, a PE ratio of 54.76 and a beta of 0.51.

Square Enix (OTCMKTS:SQNXF) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.13. Square Enix had a net margin of 5.92% and a return on equity of 5.88%. The firm had revenue of $520.43 million for the quarter, compared to analyst estimates of $526.21 million. As a group, analysts predict that Square Enix Holdings Co., Ltd. will post 1.71 earnings per share for the current year.

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.