Paradox Interactive AB (publ) (OTCMKTS:PRXXF) Trading Down 5.1% – Here’s What Happened

Paradox Interactive AB (publ) (OTCMKTS:PRXXF)’s stock price dropped 5.1% during trading on Monday . The company traded as low as $16.53 and last traded at $16.53. Approximately 450 shares changed hands during trading, an increase of 59% from the average daily volume of 283 shares. The stock had previously closed at $17.42.

Analyst Upgrades and Downgrades

Separately, Pareto Securities lowered Paradox Interactive AB (publ) from a “buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Paradox Interactive AB (publ) Stock Performance

The company’s 50 day simple moving average is $17.69 and its two-hundred day simple moving average is $18.19.

Paradox Interactive AB (publ) Company Profile

Paradox Interactive AB (publ) (OTCMKTS:PRXXF) is a Sweden-based global video game publisher and developer best known for its portfolio of deep strategy and simulation titles across PC, console and mobile platforms. The company’s key franchises include Europa Universalis, Crusader Kings, Hearts of Iron and Cities: Skylines, which leverage extensive downloadable content, mod support and community-driven expansions. Paradox also operates its own digital storefront and subscription service, enabling direct delivery of game updates, expansions and exclusive in-game content to its audience.

Originally established as part of Target Games in the late 1990s and spun off as an independent publisher in 2004, Paradox Interactive has since pursued both organic development and strategic studio acquisitions to broaden its offering.