Paradox Interactive AB (publ) (OTCMKTS:PRXXF) Trading Up 5.4% – Should You Buy?

Paradox Interactive AB (publ) (OTCMKTS:PRXXF)’s stock price rose 5.4% during trading on Tuesday . The stock traded as high as $13.28 and last traded at $13.28. Approximately 348 shares changed hands during trading, a decline of 11% from the average daily volume of 392 shares. The stock had previously closed at $12.60.

Analysts Set New Price Targets

Separately, Pareto Securities cut shares of Paradox Interactive AB (publ) from a “buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Paradox Interactive AB (publ) Stock Performance

The firm’s 50 day moving average is $13.75 and its 200 day moving average is $16.57.

Paradox Interactive AB (publ) Company Profile

Paradox Interactive AB (publ) (OTCMKTS:PRXXF) is a Sweden-based global video game publisher and developer best known for its portfolio of deep strategy and simulation titles across PC, console and mobile platforms. The company’s key franchises include Europa Universalis, Crusader Kings, Hearts of Iron and Cities: Skylines, which leverage extensive downloadable content, mod support and community-driven expansions. Paradox also operates its own digital storefront and subscription service, enabling direct delivery of game updates, expansions and exclusive in-game content to its audience.

Originally established as part of Target Games in the late 1990s and spun off as an independent publisher in 2004, Paradox Interactive has since pursued both organic development and strategic studio acquisitions to broaden its offering.