Square Enix (OTCMKTS:SQNXF) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Square Enix (OTCMKTS:SQNXF) from a strong-buy rating to a hold rating in a research note released on Wednesday morning, Zacks.com reports.

According to Zacks, “Square Enix Holdings Co., Ltd. engages in the provision of entertainment contents and services. It operating segments consists of Digital Entertainment, Amusement, Publication and Merchandising. Digital Entertainment segment handles the design, development, sale, license sale and operation of digital entertainment contents. Amusement segment provides the design, development, manufacture, sale, and rental of amusement equipment as well as conducts the planning, development and distribution of arcade game machines. Publishing segment provides comic magazines, comics and game related printed books including game strategy books are published by the square enix group. Merchandising segment includes the planning, production, distribution and licensing of derivative products related to the groups original intellectual property as well as third-party IPs. Square Enix Holdings Co., Ltd. is headquartered in Tokyo, Japan. “

SQNXF opened at $47.25 on Wednesday. The business has a 50 day simple moving average of $42.44 and a 200-day simple moving average of $36.24. The stock has a market capitalization of $5.77 billion, a P/E ratio of 26.25 and a beta of 0.86. Square Enix has a 12 month low of $25.08 and a 12 month high of $48.31.

Square Enix (OTCMKTS:SQNXF) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.31 EPS for the quarter. The business had revenue of $485.24 million during the quarter. As a group, sell-side analysts expect that Square Enix will post 1.83 EPS for the current fiscal year.

About Square Enix

Square Enix Holdings Co, Ltd. operates in the content and service businesses in Japan, North America, Europe, and rest of Asia. It operates through four segments: Digital Entertainment, Amusement, Publication, and Merchandising. The Digital Entertainment segment plans, develops, distributes, and operates digital entertainment content primarily in the form of games.

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