NEXON (OTCMKTS:NEXOY) Hits New 52-Week Low – Should You Sell?

NEXON Co., Ltd. (OTCMKTS:NEXOYGet Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as C$13.41 and last traded at C$13.41, with a volume of 816 shares. The stock had previously closed at C$13.61.

Analysts Set New Price Targets

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

Get Our Latest Stock Report on NEXOY

NEXON Trading Up 0.4%

The business has a 50-day moving average price of C$15.51 and a 200 day moving average price of C$20.16. The stock has a market cap of C$10.90 billion and a PE ratio of 10.08.

NEXON (OTCMKTS:NEXOYGet Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.46 EPS for the quarter. The firm 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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