Square Enix (OTCMKTS:SQNXF) Shares Gap Down – Here’s What Happened

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) shares gapped down before the market opened on Thursday . The stock had previously closed at $17.8750, but opened at $16.55. Square Enix shares last traded at $16.55, with a volume of 700 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein downgraded Square Enix from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 30th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, Square Enix has a consensus rating of “Sell”.

Square Enix Price Performance

The company’s 50-day simple moving average is $19.33 and its two-hundred day simple moving average is $44.47. The firm has a market capitalization of $5.96 billion, a P/E ratio of 48.20 and a beta of 0.51.

About Square Enix

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.