Square Enix (OTCMKTS:SQNXF) Shares Gap Up – Time to Buy?

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF)’s share price 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 changing hands.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised Square Enix from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, Square Enix has a consensus rating of “Strong Buy”.

Square Enix Stock Up 8.3%

The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 26.16 and a beta of 0.49. The stock has a fifty day moving average of $18.33 and a 200-day moving average of $16.69.

Square Enix (OTCMKTS:SQNXF) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.10. The company had revenue of $492.09 million for 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.