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

Key Points

• UbiSoft Entertainment's stock gapped up from $1.91 to $2.00 prior to trading, closing at $2.01 with a trading volume of 29,346 shares.
• Analyst ratings for UbiSoft include a recent upgrade to "strong-buy" by Wedbush, with a current consensus of "Hold" from multiple analysts.
• The company maintains a current ratio and quick ratio of 1.68 and a debt-to-equity ratio of 1.02, indicating a stable financial position.

UbiSoft Entertainment Inc. (OTCMKTS:UBSFY - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $1.91, but opened at $2.00. UbiSoft Entertainment shares last traded at $2.01, with a volume of 29,346 shares traded.

Analyst Upgrades and Downgrades

Separately, Wedbush upgraded shares of UbiSoft Entertainment to a "strong-buy" rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

UbiSoft Entertainment Stock Up 3.0%

The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.68 and a current ratio of 1.68. The stock's 50-day simple moving average is $2.07 and its 200 day simple moving average is $2.22.

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.