Embracer Group AB (publ) (OTCMKTS:THQQF) Stock Price Down 5.9% – Here’s Why

Shares of Embracer Group AB (publ) (OTCMKTS:THQQF) fell 5.9% on Monday . The stock traded as low as $6.20 and last traded at $6.20. 8,117 shares changed hands during trading, an increase of 379% from the average session volume of 1,696 shares. The stock had previously closed at $6.59.

Embracer Group AB (publ) Price Performance

The stock has a fifty day simple moving average of $9.28 and a 200-day simple moving average of $10.10.

Embracer Group AB (publ) Company Profile

Embracer Group AB (publ) is a global video game and entertainment holding company based in Karlstad, Sweden. The company’s core business activities encompass the development, publishing and distribution of interactive entertainment across a variety of platforms, including console, PC and mobile. Through its decentralized operating model, Embracer Group partners with internal and externally acquired studios to manage a broad portfolio of game titles and intellectual property.

Embracer Group’s expansive network of subsidiaries and labels includes prominent names such as THQ Nordic, Koch Media, Coffee Stain and Gearbox Entertainment, among others.