Square Enix (OTCMKTS:SQNXF) Shares Gap Down – Should You Sell?

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) gapped down before the market opened on Monday . The stock had previously closed at $18.22, but opened at $17.30. Square Enix shares last traded at $17.30, with a volume of 127 shares.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised 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 company currently has a consensus rating of “Strong Buy”.

Square Enix Trading Down 6.5%

The business has a 50-day moving average price of $15.97 and a 200-day moving average price of $15.96. The stock has a market cap of $6.24 billion, a PE ratio of 23.07 and a beta of 0.50.

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

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.