UbiSoft Entertainment (OTCMKTS:UBSFY) Sees Strong Trading Volume - Here's Why

Key Points

• UbiSoft Entertainment saw a significant increase in trading volume, rising by 94% to 561,582 shares during mid-day trading, with the stock price moving from $2.08 to $2.25.
• Wall Street analysts have a mixed outlook, with two analysts rating UbiSoft as a strong buy, eight as a hold, and one as a sell, leading to an average rating of "hold".
• The company's current ratio is 1.68, indicating good short-term financial health, while it has a debt-to-equity ratio of 1.02, suggesting a balance in leveraging debt and equity financing.

UbiSoft Entertainment Inc. (OTCMKTS:UBSFY - Get Free Report) shares saw strong trading volume on Monday . 561,582 shares were traded during mid-day trading, an increase of 94% from the previous session's volume of 290,022 shares.The stock last traded at $2.25 and had previously closed at $2.08.

Analysts Set New Price Targets

Separately, Wedbush raised UbiSoft Entertainment to a "strong-buy" rating in a research report on Tuesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

UbiSoft Entertainment Trading Up 1.9%

The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.02. The stock's fifty day moving average price is $2.08 and its 200-day moving average price is $2.21.

About UbiSoft Entertainment

Ubisoft Entertainment SA produce, publishes, and distributes video games for consoles, PC, smartphones, and tablets in both physical and digital formats in Europe, North America, and internationally. The company designs and develops software, including scenarios, animation, gameplay, layouts, and game rules, as well as develops design tools and game engines.