NEXON (OTCMKTS:NEXOY – Get Free Report) posted its quarterly earnings data on Thursday. The company reported C$0.46 EPS for the quarter, Zacks reports.
NEXON Stock Down 8.7%
Shares of NEXOY traded down C$1.44 during midday trading on Thursday, reaching C$15.20. The company had a trading volume of 67,113 shares, compared to its average volume of 34,663. NEXON has a 1-year low of C$15.00 and a 1-year high of C$28.82. The firm has a 50 day simple moving average of C$17.55 and a 200-day simple moving average of C$21.56.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on NEXOY shares. Zacks Research raised NEXON to a “hold” rating in a research note on Friday, April 10th. The Goldman Sachs Group raised NEXON to a “neutral” rating in a research note on Sunday, February 15th. Two 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 presently has a consensus rating of “Moderate Buy”.
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.
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