Square Enix (OTCMKTS:SQNXF) Shares Gap Up - What's Next?

Key Points

• Square Enix shares experienced a significant gap up, opening at $21.75 after a previous close of $20.75, with a trading volume of 258 shares.
• The company reported earnings per share (EPS) of $0.29 for the last quarter, missing the consensus estimate of $0.44 by $0.15, and generated revenue of $410.28 million, below the expected $464.16 million.
• Square Enix has a market capitalization of $7.83 billion and a price-to-earnings ratio of 63.35, indicating high investor expectations relative to its earnings.

Square Enix Holdings Co., Ltd. (OTCMKTS:SQNXF - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $20.75, but opened at $21.75. Square Enix shares last traded at $21.75, with a volume of 258 shares changing hands.

Square Enix Trading Up 4.8%

The company has a 50 day simple moving average of $68.15 and a 200-day simple moving average of $61.52. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 63.35 and a beta of 0.50.

Square Enix (OTCMKTS:SQNXF - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.15). Square Enix had a net margin of 5.92% and a return on equity of 5.88%. The firm had revenue of $410.28 million during the quarter, compared to analyst estimates of $464.16 million. Equities analysts forecast that Square Enix Holdings Co., Ltd. will post 1.71 earnings per share for the current fiscal year.

Square Enix Company Profile

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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