NEXON (OTCMKTS:NEXOY) Shares Gap Up – Should You Buy?

NEXON Co., Ltd. (OTCMKTS:NEXOY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at C$13.81, but opened at C$14.78. NEXON shares last traded at C$14.78, with a volume of 521 shares.

Wall Street Analysts Forecast Growth

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

NEXON Price Performance

The stock has a 50 day moving average price of C$14.58 and a 200-day moving average price of C$19.16. The stock has a market capitalization of C$11.50 billion and a price-to-earnings ratio of 14.35.

NEXON (OTCMKTS:NEXOY) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$0.46 EPS for the quarter. The firm had revenue of C$970.34 million during the quarter, compared to analyst estimates of C$1.05 billion.

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.