NEXON (OTCMKTS:NEXOY) Shares Gap Up – Still a Buy?

NEXON Co., Ltd. (OTCMKTS:NEXOY) shares gapped up before the market opened on Monday . The stock had previously closed at C$13.06, but opened at C$13.96. NEXON shares last traded at C$13.71, with a volume of 500 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised NEXON to a “hold” rating in a research report 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

NEXON Trading Down 5.0%

The business has a 50 day moving average price of C$14.85 and a 200-day moving average price of C$19.46. The firm has a market capitalization of C$10.52 billion and a PE ratio of 13.13.

NEXON (OTCMKTS:NEXOY) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.46 earnings per share for the quarter. The business had revenue of C$970.34 million during the quarter, compared to analysts’ expectations of C$1.05 billion.

NEXON Company Profile

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.