Square Enix (OTCMKTS:SQNXF) Shares Gap Up – Here’s Why

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) gapped up before the market opened on Monday. The stock had previously closed at $18.1170, but opened at $19.62. Square Enix shares last traded at $19.62, with a volume of 325 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded 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 data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Square Enix Price Performance

The company has a 50-day simple moving average of $18.37 and a 200-day simple moving average of $16.70.

Square Enix (OTCMKTS:SQNXF) last released its quarterly earnings data on Monday, August 10th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.10. The business had revenue of $492.09 million during the quarter, compared to analyst estimates of $412.01 million.

About Square Enix

Square Enix Holdings Co, Ltd. is a Japanese entertainment company best known for developing, publishing and distributing interactive entertainment. Its Digital Entertainment business produces console, PC and mobile video games, including the Final Fantasy, Dragon Quest, Kingdom Hearts, NieR, SaGa, Mana and Octopath Traveler series. The company also operates online game services and distributes downloadable and other digital content.

In addition to video games, Square Enix operates publishing businesses focused on manga, books and related media, as well as amusement businesses that provide arcade-related products and services.