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

UbiSoft Entertainment Inc. (OTCMKTS:UBSFY) shares fell 9.4% on Thursday . The company 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 session volume of 218,556 shares. The stock had previously closed at $1.24.

Wall Street Analysts Forecast Growth

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

UbiSoft Entertainment Stock Down 2.6%

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

UbiSoft Entertainment Company Profile

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.