UbiSoft Entertainment (OTCMKTS:UBSFY) Shares Down 1.5% - Here's What Happened

Key Points

• UbiSoft Entertainment shares fell 1.5% during trading, closing at $2.00, with a significant drop in trading volume, down 74% from the average.
• Wedbush has upgraded UbiSoft to a "strong-buy" rating, while the overall consensus rating currently stands at "Hold" according to MarketBeat.
• The company is involved in producing, publishing, and distributing video games across various platforms both in physical and digital formats internationally.

Shares of UbiSoft Entertainment Inc. (OTCMKTS:UBSFY - Get Free Report) dropped 1.5% during trading on Wednesday . The company traded as low as $1.99 and last traded at $2.00. Approximately 37,486 shares changed hands during trading, a decline of 74% from the average daily volume of 141,948 shares. The stock had previously closed at $2.03.

Wall Street Analyst Weigh In

Separately, Wedbush upgraded shares of UbiSoft Entertainment to a "strong-buy" rating in a research note on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold".

UbiSoft Entertainment Trading Down 1.5%

The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average price of $2.11 and a two-hundred day moving average price of $2.15.

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.

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