NEXON (OTCMKTS:NEXOY – Get Free Report) released its quarterly earnings results on Thursday. The company reported C$0.24 earnings per share for the quarter, Zacks reports. The firm had revenue of C$759.75 million during the quarter, compared to analysts’ expectations of C$729.73 million. NEXON had a return on equity of 12.45% and a net margin of 26.37%.
NEXON Stock Up 16.3%
Shares of OTCMKTS NEXOY opened at C$22.68 on Friday. NEXON has a 12-month low of C$13.01 and a 12-month high of C$28.82. The firm’s 50-day simple moving average is C$14.53 and its 200 day simple moving average is C$17.11. The company has a quick ratio of 5.13, a current ratio of 5.13 and a debt-to-equity ratio of 0.03. The company has a market cap of C$18.00 billion and a price-to-earnings ratio of 20.43.
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.
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