NEXON (OTCMKTS:NEXOY) Shares Gap Up – Still a Buy?

NEXON Co., Ltd. (OTCMKTS:NEXOY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at C$16.46, but opened at C$17.52. NEXON shares last traded at C$17.49, with a volume of 3,407 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. The Goldman Sachs Group upgraded shares of NEXON to a “neutral” rating in a research note on Sunday, February 15th. Sanford C. Bernstein upgraded shares of NEXON from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 7th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, NEXON currently has a consensus rating of “Moderate Buy”.

NEXON Stock Performance

The stock’s 50 day simple moving average is C$20.11 and its 200 day simple moving average is C$22.34.

About NEXON

NEXON Co, Ltd. operates as a global developer and publisher of online games, primarily focusing on free-to-play multiplayer titles across PC and mobile platforms. The company’s portfolio spans a range of genres, including massively multiplayer online role-playing games (MMORPGs), action titles and sports simulations. NEXON generates revenue through in-game purchases and virtual item sales, offering players optional enhancements, cosmetic items and game passes.

Founded in 1994 by Kim Jung-ju in South Korea, NEXON released its first major title, Nexus: The Kingdom of the Winds, in 1996.