Embracer Group AB (publ) (OTCMKTS:THQQF) Stock Price Down 8% – Here’s What Happened

Embracer Group AB (publ) (OTCMKTS:THQQF)’s share price dropped 8% during trading on Friday . The company traded as low as $6.9176 and last traded at $6.9176. Approximately 1,127 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 1,039 shares. The stock had previously closed at $7.52.

Embracer Group AB (publ) Stock Down 8.0%

The stock has a fifty day simple moving average of $6.52 and a 200-day simple moving average of $6.69.

About Embracer Group AB (publ)

Embracer Group AB (publ) is a global video game and entertainment holding company based in Karlstad, Sweden. The company’s core business activities encompass the development, publishing and distribution of interactive entertainment across a variety of platforms, including console, PC and mobile. Through its decentralized operating model, Embracer Group partners with internal and externally acquired studios to manage a broad portfolio of game titles and intellectual property.

Embracer Group’s expansive network of subsidiaries and labels includes prominent names such as THQ Nordic, Koch Media, Coffee Stain and Gearbox Entertainment, among others.