Square Enix (OTCMKTS:SQNXF) Shares Down 5.3% – What’s Next?

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF)’s stock price fell 5.3% during trading on Wednesday . The stock traded as low as $16.44 and last traded at $17.8750. 1,318 shares traded hands during trading, an increase of 7,222% from the average session volume of 18 shares. The stock had previously closed at $18.8750.

Analysts Set New Price Targets

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

Square Enix Trading Down 5.3%

The stock has a market cap of $6.44 billion, a P/E ratio of 52.06 and a beta of 0.51. The company’s fifty day simple moving average is $19.33 and its 200-day simple moving average is $44.47.

About Square Enix

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.