UbiSoft Entertainment (OTCMKTS:UBSFY) Shares Down 6% – Here’s Why

UbiSoft Entertainment Inc. (OTCMKTS:UBSFY) was down 6% during mid-day trading on Friday. The stock traded as low as $0.9233 and last traded at $0.93. Approximately 53,663 shares changed hands during trading, a decline of 70% from the average session volume of 179,756 shares. The stock had previously closed at $0.9895.

Wall Street Analysts Forecast Growth

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

UbiSoft Entertainment Trading Down 6.2%

The stock has a 50-day simple moving average of $1.14 and a 200 day simple moving average of $1.14. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.24.

UbiSoft Entertainment Company Profile

Ubisoft Entertainment SA is a French video game developer, publisher and distributor. The company creates and operates interactive entertainment for consoles, personal computers and mobile devices, with activities spanning game development, publishing, digital distribution and online services.

Ubisoft’s portfolio includes internationally recognized franchises such as Assassin’s Creed, Far Cry, Tom Clancy’s Rainbow Six, The Division, Just Dance, Prince of Persia, Watch Dogs, Anno and Rayman.