NEXON (OTCMKTS:NEXOY) Trading 8.5% Higher – Here’s Why

NEXON Co., Ltd. (OTCMKTS:NEXOYGet Free Report) rose 8.5% during mid-day trading on Tuesday . The stock traded as high as C$15.22 and last traded at C$15.21. Approximately 1,171 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 41,818 shares. The stock had previously closed at C$14.02.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of NEXON to a “hold” rating in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, NEXON has an average rating of “Moderate Buy”.

Get Our Latest Report on NEXON

NEXON Price Performance

The company has a market cap of C$12.06 billion and a PE ratio of 15.05. The business’s fifty day simple moving average is C$13.95 and its two-hundred day simple moving average is C$18.06.

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