The THQ Nordic effect: double its value in the stock market in a year - Ultimate Guide
The THQ Nordic effect: double its value in the stock market in a year
Maximum attention in the stock marketThe most transcendent change occurred with the purchase of THQ in 2013; from there, its market value has not stopped growing, making the brand THQ Nordic GmbH is becoming a titan in Europe, an empire of the videogame captained by Lars Wingefors, who recently defended himself from the criticism surrounding Darksiders III.
Seeing both name, license and transactional movements like these, we looked for the current state of the company on the stock exchange and, above all, its evolution to put in context the data in relation to how they were long ago.
And the result is at least surprising. According to the latest financial report (dated September 30, 2018), the number of employees is already above 1020 workers, a positive growth as more offices are opened in Vienna and other centers in Europe. But the grandiloquent thoughts come when we read your net sales, which over the last fiscal year have improved by 988%, which translated into euros is more than 268 million euros according to the current change.
Investors think long-term, will they have guessed right?
After a search on the Nasdaq portal we have been able to access the last closing on the stock exchange (December 4, 2018) of THQ Nordic, which computes in Sweden - that's why its liquidity in Swedish crowns -, its current value is 168.6 SEK, about 16 ,5 euros. Only twelve months ago the situation was of only quarterly benefits; in other words, the improvement is 118.2% in a year, doubling the value of its shares on the stock market.
We do not know how long these outbreaks of the company will last or how long this uptrend will last as far as full confidence is concerned; What does seem clear is that the performance of their next video games, those born of these new acquisitions, will be crucial for these votes of confidence in the stock market to translate into benefits for investors; otherwise, the balance will begin to lean to the other side at full speed
THQ Nordic GmbH, an Austrian publisher that we once knew as NordicGames, has announced the acquisition of HandyGames. In exchange for an amount of 1.5 million dollars, the purchase has been closed with the total shares of the company including intellectual property and franchises.
For those who do not know it, this developer was known mainly through the videogame sector on mobile devices. Works such as Townsmen or Clouds & Sheep are some of his most notable works, although they also have experience contrasted with virtual reality through works such as Townsmen VR.
We are facing a study of 50 employees; all of them will keep their work pecture except for a new order, only that they will change heads. In addition, for them nothing changes at the work level because they will continue working as HandyGames, only under the orders and with the budget and infrastructure that THQ Norcic grants. They are currently working in Germany, which they will also maintain in Giebelstadt.
The relationship to the editor, remember that Darksiders 3 will be released on November 27 on PS4, Xbox One and PC.
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