NEXON (OTCMKTS:NEXOY) Shares Gap Up – Here’s Why

NEXON Co., Ltd. (OTCMKTS:NEXOY) gapped up before the market opened on Monday . The stock had previously closed at C$14.02, but opened at C$14.92. NEXON shares last traded at C$14.92, with a volume of 1,136 shares traded.

Analyst Upgrades and Downgrades

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

NEXON Stock Performance

The company has a 50 day moving average of C$13.92 and a two-hundred day moving average of C$18.13. The stock has a market capitalization of C$11.78 billion and a PE ratio of 14.69.

NEXON (OTCMKTS:NEXOY) last issued 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 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.