NEXON (OTCMKTS:NEXOY) Shares Gap Down – Time to Sell?

NEXON Co., Ltd. (OTCMKTS:NEXOY)’s share price gapped down before the market opened on Friday . The stock had previously closed at C$17.33, but opened at C$16.74. NEXON shares last traded at C$16.73, with a volume of 588 shares traded.

Analysts Set New Price Targets

Several research firms recently weighed in on NEXOY. Sanford C. Bernstein upgraded shares of NEXON from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 7th. The Goldman Sachs Group upgraded shares of NEXON to a “neutral” rating in a report on Sunday, February 15th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

NEXON Trading Down 4.7%

The firm’s fifty day moving average is C$19.78 and its two-hundred day moving average is C$22.26.

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.