Square Enix (OTCMKTS:SQNXF) Shares Gap Up – Here’s What Happened

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXFGet Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $17.30, but opened at $19.09. Square Enix shares last traded at $19.09, with a volume of 2,000 shares traded.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised shares of Square Enix from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

Get Our Latest Stock Report on SQNXF

Square Enix Stock Up 10.3%

The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 25.45 and a beta of 0.50. The company has a 50 day moving average of $16.00 and a 200 day moving average of $15.94.

Square Enix (OTCMKTS:SQNXFGet Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.10. The company had revenue of $492.09 million during the quarter, compared to analyst estimates of $412.01 million.

Square Enix Company Profile

(Get Free Report)

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.

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