Square Enix (OTCMKTS:SQNXF) Sets New 12-Month High – What’s Next?

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $71.12 and last traded at $71.12, with a volume of 138 shares changing hands. The stock had previously closed at $68.20.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group began coverage on Square Enix in a research report on Tuesday, March 25th. They issued a “sell” rating for the company.

Square Enix Trading Up 4.3%

The stock has a 50-day simple moving average of $59.12 and a 200 day simple moving average of $48.62. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 53.88 and a beta of 0.56.

Square Enix (OTCMKTS:SQNXF) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.15). Square Enix had a return on equity of 7.72% and a net margin of 7.45%. The company had revenue of $506.53 million during the quarter, compared to analysts’ expectations of $531.54 million. Sell-side analysts expect that Square Enix Holdings Co., Ltd. will post 1.71 earnings per share for the current fiscal year.

Square Enix Company Profile

Square Enix Holdings Co, Ltd. operates in the content and service businesses in Japan and internationally. It operates through Digital Entertainment Business, Amusement Business, Publishing Business, and Rights Property Business. The company plans, develops, sells, and manages digital entertainment content primarily in the form of computer games.