NEXON (OTCMKTS:NEXOY) Shares Gap Up – Here’s Why

NEXON Co., Ltd. (OTCMKTS:NEXOYGet Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at C$14.02, but opened at C$14.92. NEXON shares last traded at C$14.92, with a volume of 1,136 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of NEXON to a “hold” rating in a report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Read Our Latest Research Report on NEXON

NEXON Trading Up 5.8%

The firm has a market cap of C$11.78 billion and a P/E ratio of 14.69. The firm has a 50-day simple moving average of C$13.92 and a 200-day simple moving average of C$18.13.

NEXON (OTCMKTS:NEXOYGet Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported C$0.46 EPS for the quarter. The company had revenue of C$970.34 million during the quarter, compared to the consensus estimate of C$1.05 billion.

NEXON Company Profile

(Get Free Report)

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.

Further Reading

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