NEXON (OTCMKTS:NEXOY) Shares Gap Up – Time to Buy?

Shares of NEXON Co., Ltd. (OTCMKTS:NEXOY) gapped up prior to trading on Friday . The stock had previously closed at C$13.75, but opened at C$14.56. NEXON shares last traded at C$14.56, with a volume of 553 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of NEXON to a “hold” rating in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

NEXON Stock Performance

The company has a 50 day moving average price of C$14.16 and a 200 day moving average price of C$18.59. The firm has a market cap of C$11.66 billion and a price-to-earnings ratio of 14.55.

NEXON (OTCMKTS:NEXOY) last released its quarterly earnings results on Thursday, May 14th. The company reported C$0.46 EPS for the quarter. The firm had revenue of C$970.34 million for 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.