Square Enix (OTCMKTS:SQNXF) Lowered to Strong Sell Rating by Sanford C. Bernstein

Key Points

• Square Enix has been downgraded from a "hold" to a "strong sell" rating by Sanford C. Bernstein, indicating a pessimistic outlook on the company's stock performance.
• The company reported $0.29 earnings per share for the recent quarter, missing the analysts' expectations of $0.44 by a significant margin.
• Square Enix's revenue for the quarter was $410.28 million, falling short of the projected $464.16 million, reflecting ongoing challenges in the market.

Square Enix (OTCMKTS:SQNXF - Get Free Report) was downgraded by research analysts at Sanford C. Bernstein from a "hold" rating to a "strong sell" rating in a research report issued on Tuesday,Zacks.com reports.

Square Enix Trading Up 4.8%

Shares of SQNXF stock opened at $21.75 on Tuesday. Square Enix has a 12-month low of $11.32 and a 12-month high of $26.07. The business's fifty day simple moving average is $67.23 and its 200-day simple moving average is $61.25. The company has a market cap of $7.83 billion, a PE ratio of 63.35 and a beta of 0.50.

Square Enix (OTCMKTS:SQNXF - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.15). Square Enix had a return on equity of 5.88% and a net margin of 5.92%.The business had revenue of $410.28 million during the quarter, compared to analyst estimates of $464.16 million. On average, equities analysts forecast that Square Enix will post 1.71 earnings per share for the current year.

About Square Enix

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.

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