UbiSoft Entertainment (OTCMKTS:UBSFY) Shares Gap Up – Here’s Why

UbiSoft Entertainment Inc. (OTCMKTS:UBSFY) shares gapped up prior to trading on Friday . The stock had previously closed at $1.0850, but opened at $1.13. UbiSoft Entertainment shares last traded at $1.1450, with a volume of 15,409 shares changing hands.

Analyst Upgrades and Downgrades

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

UbiSoft Entertainment Stock Performance

The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.24. The stock has a 50 day moving average price of $1.19 and a 200 day moving average price of $1.09.

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.