NEXON (OTCMKTS:NEXOY) Shares Up 8.5% – Should You Buy?

NEXON Co., Ltd. (OTCMKTS:NEXOYGet Free Report) shares shot up 8.5% during mid-day trading on Tuesday . The company traded as high as C$15.22 and last traded at C$15.21. Approximately 1,171 shares changed hands during trading, a decline of 97% from the average session volume of 41,818 shares. The stock had previously closed at C$14.02.

Analyst Ratings Changes

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

Read Our Latest Report on NEXOY

NEXON Price Performance

The firm has a fifty day moving average of C$13.95 and a two-hundred day moving average of C$18.06. The stock has a market capitalization of C$12.06 billion and a P/E ratio of 15.05.

NEXON (OTCMKTS:NEXOYGet Free Report) last posted its earnings results on Thursday, May 14th. The company reported C$0.46 EPS for the quarter. The business had revenue of C$970.34 million for the quarter, compared to analysts’ expectations 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.

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