Square Enix (OTCMKTS:SQNXF) Shares Gap Up – Here’s What Happened

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $18.1170, but opened at $19.62. Square Enix shares last traded at $19.62, with a volume of 325 shares changing hands.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded shares of Square Enix from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating. According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

Square Enix Stock Performance

The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 26.16 and a beta of 0.49. The company’s 50 day moving average is $18.33 and its 200 day moving average is $16.69.

Square Enix (OTCMKTS:SQNXF) last posted its earnings results on Monday, August 10th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.10. The firm had revenue of $492.09 million during the quarter, compared to the consensus estimate of $412.01 million.

Square Enix Company Profile

Square Enix Holdings Co, Ltd. is a Japanese entertainment company best known for developing, publishing and distributing interactive entertainment. Its Digital Entertainment business produces console, PC and mobile video games, including the Final Fantasy, Dragon Quest, Kingdom Hearts, NieR, SaGa, Mana and Octopath Traveler series. The company also operates online game services and distributes downloadable and other digital content.

In addition to video games, Square Enix operates publishing businesses focused on manga, books and related media, as well as amusement businesses that provide arcade-related products and services.