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UbiSoft Entertainment (OTCMKTS:UBSFY) Shares Gap Up - Here's Why

UbiSoft Entertainment logo with Consumer Discretionary background

Key Points

  • UbiSoft Entertainment shares experienced a gap up, opening at $2.19 compared to the previous close of $2.08.
  • The stock received an upgrade to a "strong-buy" rating from Wedbush, contributing to an overall analyst rating of "Hold" for the company.
  • UbiSoft's stock was up 3.4% recently, with a volume of 133,130 shares traded on the latest session.
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UbiSoft Entertainment Inc. (OTCMKTS:UBSFY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $2.08, but opened at $2.19. UbiSoft Entertainment shares last traded at $2.18, with a volume of 133,130 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wedbush upgraded shares of UbiSoft Entertainment to a "strong-buy" rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold".

Get Our Latest Stock Analysis on UBSFY

UbiSoft Entertainment Stock Up 3.4%

The stock has a 50 day moving average of $2.10 and a 200-day moving average of $2.27. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.68 and a current ratio of 1.68.

UbiSoft Entertainment Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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