Square Enix (OTCMKTS:SQNXF) Shares Gap Up – Time to Buy?

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) gapped up before the market opened on Monday . The stock had previously closed at $16.55, but opened at $18.00. Square Enix shares last traded at $18.00, with a volume of 300 shares.

Analyst Ratings Changes

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

Square Enix Stock Performance

The company has a market capitalization of $6.48 billion, a PE ratio of 45.96 and a beta of 0.51. The firm’s 50-day simple moving average is $19.18 and its 200 day simple moving average is $43.18.

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.