Square Enix (OTCMKTS:SQNXF) Shares Gap Down - Here's What Happened

Key Points

• Gapped down at the open from $16.00 to $14.85 (last trade $14.85), a roughly 7.2% drop
• Square Enix beat EPS estimates with $0.32 vs. $0.19 expected but missed revenue at $520.43M vs. $526.21M consensus; the company has a $5.35B market cap and a P/E of 22.16.

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $16.00, but opened at $14.85. Square Enix shares last traded at $14.85, with a volume of 634 shares.

Square Enix Stock Down 7.2%

The business's 50 day moving average is $15.95 and its two-hundred day moving average is $17.88. The firm has a market cap of $5.35 billion, a P/E ratio of 22.16 and a beta of 0.51.

Square Enix (OTCMKTS:SQNXF - Get Free Report) last announced its earnings results on Thursday, February 5th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.13. The firm had revenue of $520.43 million for the quarter, compared to the consensus estimate of $526.21 million.

About Square Enix

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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