Square Enix (OTCMKTS:SQNXF) Shares Down 1.6% - Time to Sell?

Key Points

• Square Enix's stock fell by 1.6%, closing at $65.69 after trading at a low of $65.69, with a dramatic increase in trading volume by 679% from the average.
• The company reported earnings of $0.29 per share, missed estimates by $0.15, and had quarterly revenue of $410.28 million, below analyst expectations of $464.16 million.
• Square Enix's P/E ratio stands at 63.78, with a market cap of $7.89 billion, indicating potential concerns regarding its valuation amid disappointing earnings results.

Shares of Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF - Get Free Report) were down 1.6% on Tuesday . The company traded as low as $65.69 and last traded at $65.69. Approximately 1,803 shares traded hands during trading, an increase of 679% from the average daily volume of 232 shares. The stock had previously closed at $66.78.

Square Enix Stock Down 1.6%

The company has a market cap of $7.89 billion, a P/E ratio of 63.78 and a beta of 0.50. The business has a 50-day moving average price of $71.16 and a two-hundred day moving average price of $60.13.

Square Enix (OTCMKTS:SQNXF - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.29 EPS 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 company had revenue of $410.28 million for the quarter, compared to analyst estimates of $464.16 million. As a group, sell-side analysts expect that Square Enix Holdings Co., Ltd. will post 1.71 EPS for the current fiscal 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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