Square Enix (OTCMKTS:SQNXF) Sees Large Volume Increase After Earnings Beat

Shares of Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) saw an uptick in trading volume on Thursday after the company announced better than expected quarterly earnings. 1,737 shares were traded during trading, an increase of 172% from the previous session’s volume of 639 shares.The stock last traded at $18.62 and had previously closed at $18.1835.

The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.13. Square Enix had a net margin of 5.92% and a return on equity of 5.88%. The company had revenue of $520.43 million for the quarter, compared to analyst estimates of $526.21 million.

Square Enix Stock Performance

The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 50.81 and a beta of 0.51. The firm’s fifty day simple moving average is $18.60 and its 200 day simple moving average is $36.61.

Square Enix Company Profile

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.