UbiSoft Entertainment (OTCMKTS:UBSFY) Trading Down 9.4% – Here’s Why

Shares of UbiSoft Entertainment Inc. (OTCMKTS:UBSFY) traded down 9.4% on Thursday . The stock traded as low as $1.12 and last traded at $1.1240. Approximately 8,562 shares changed hands during trading, a decline of 96% from the average daily volume of 218,556 shares. The stock had previously closed at $1.24.

Wall Street Analyst Weigh In

Separately, Wedbush lowered shares of UbiSoft Entertainment from an “outperform” rating to a “neutral” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

UbiSoft Entertainment Stock Down 2.6%

The company has a 50 day simple moving average of $1.18 and a 200 day simple moving average of $1.07. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.24.

About UbiSoft Entertainment

UbiSoft Entertainment is a global video game developer and publisher known for creating and distributing interactive entertainment across multiple platforms, including consoles, PCs and mobile devices. The company’s portfolio spans a wide array of genres, with flagship franchises such as Assassin’s Creed, Far Cry, Tom Clancy’s Rainbow Six and Watch Dogs. In addition to traditional game releases, UbiSoft provides digital services through its Ubisoft Connect platform, offering players social features, cloud saves and cross-platform progression.

Founded in 1986 in Carentoir, France, UbiSoft has grown into one of the largest independent game publishers worldwide.