UbiSoft Entertainment (OTCMKTS:UBSFY) Shares Down 14.2% – Here’s Why

UbiSoft Entertainment Inc. (OTCMKTS:UBSFY)’s stock price traded down 14.2% during trading on Thursday . The company traded as low as $1.03 and last traded at $1.03. Approximately 42,090 shares were traded during trading, a decline of 81% from the average daily volume of 225,952 shares. The stock had previously closed at $1.20.

Analyst Ratings Changes

Separately, Wedbush downgraded shares of UbiSoft Entertainment from an “outperform” rating to a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

UbiSoft Entertainment Price Performance

The company has a debt-to-equity ratio of 1.24, a current ratio of 2.55 and a quick ratio of 2.55. The firm’s fifty day moving average price is $1.17 and its 200 day moving average price is $1.08.

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.