NEXON (OTCMKTS:NEXOY) Shares Gap Down – Should You Sell?

Shares of NEXON Co., Ltd. (OTCMKTS:NEXOY – Get Free Report) gapped down prior to trading on Tuesday. The stock had previously closed at C$17.06, but opened at C$16.18. NEXON shares last traded at C$16.18, with a volume of 168 shares.

NEXON Stock Performance

The company has a 50 day simple moving average of C$18.60 and a 200 day simple moving average of C$16.47. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.85 and a current ratio of 5.85. The company has a market capitalization of C$12.84 billion and a PE ratio of 14.82.

NEXON (OTCMKTS:NEXOY – Get Free Report) last released its earnings results on Thursday, August 13th. The company reported C$0.24 earnings per share for the quarter. NEXON had a return on equity of 12.56% and a net margin of 26.37%.The business had revenue of C$759.75 million for the quarter, compared to the consensus estimate of C$729.73 million. Analysts anticipate that NEXON Co., Ltd. will post 0.83 earnings per share for the current year.

About NEXON

(Get Free Report)

NEXON Co, Ltd. is a Japan-based video game company that develops, publishes and operates online games for personal computers, mobile devices and consoles. Its business focuses on long-term, live-service game franchises supported by regular updates, community features and digital content. The company serves players worldwide through regional operations and publishing partnerships.

NEXON’s portfolio includes well-known titles such as MapleStory, Dungeon & Fighter, EA SPORTS FC Online, Blue Archive and THE FINALS.

Further Reading

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