NEXON (OTCMKTS:NEXOY) Issues Earnings Results

NEXON (OTCMKTS:NEXOYGet Free Report) released its quarterly earnings results on Thursday. The company reported C$0.24 earnings per share for the quarter, Zacks reports. The business had revenue of C$759.75 million for the quarter, compared to analysts’ expectations of C$729.73 million. NEXON had a net margin of 23.82% and a return on equity of 11.39%.

NEXON Trading Up 15.4%

OTCMKTS NEXOY traded up C$3.00 during trading on Friday, hitting C$22.50. The company had a trading volume of 21,278 shares, compared to its average volume of 39,435. The company’s fifty day moving average is C$14.35 and its 200-day moving average is C$17.07. NEXON has a one year low of C$13.01 and a one year high of C$28.82. The company has a current ratio of 5.13, a quick ratio of 5.13 and a debt-to-equity ratio of 0.03. The company has a market cap of C$17.85 billion and a price-to-earnings ratio of 22.28.

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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