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Square Enix (OTCMKTS:SQNXF) Shares Gap Down - Should You Sell?

Square Enix logo with Computer and Technology background

Shares of Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $70.53, but opened at $67.75. Square Enix shares last traded at $67.75, with a volume of 743 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group began coverage on Square Enix in a research note on Tuesday, March 25th. They set a "sell" rating for the company.

Get Our Latest Stock Report on SQNXF

Square Enix Price Performance

The firm's fifty day moving average price is $65.61 and its 200-day moving average price is $52.42. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 51.33 and a beta of 0.60.

Square Enix (OTCMKTS:SQNXF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.15). The company had revenue of $506.53 million for the quarter, compared to analyst estimates of $531.54 million. Square Enix had a return on equity of 7.72% and a net margin of 7.45%. On average, research analysts predict that Square Enix Holdings Co., Ltd. will post 1.71 earnings per share for the current year.

About Square Enix

(Get Free Report)

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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