Embracer Group AB (publ) (OTCMKTS:THQQF) Stock Price Up 8.2% – Here’s Why

Shares of Embracer Group AB (publ) (OTCMKTS:THQQF) rose 8.2% during mid-day trading on Monday . The company traded as high as $6.60 and last traded at $6.60. Approximately 120 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 959 shares. The stock had previously closed at $6.10.

Embracer Group AB (publ) Stock Performance

The stock has a fifty day simple moving average of $6.86 and a 200 day simple moving average of $6.18.

About Embracer Group AB (publ)

Embracer Group AB (publ) is a global video game and entertainment holding company based in Karlstad, Sweden. The company’s core business activities encompass the development, publishing and distribution of interactive entertainment across a variety of platforms, including console, PC and mobile. Through its decentralized operating model, Embracer Group partners with internal and externally acquired studios to manage a broad portfolio of game titles and intellectual property.

Embracer Group’s expansive network of subsidiaries and labels includes prominent names such as THQ Nordic, Koch Media, Coffee Stain and Gearbox Entertainment, among others.