NEXON (OTCMKTS:NEXOY) Shares Gap Up – Should You Buy?

NEXON Co., Ltd. (OTCMKTS:NEXOY) gapped up before the market opened 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 changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, NEXON has an average rating of “Moderate Buy”.

NEXON Stock Performance

The business’s 50 day moving average is C$14.11 and its 200-day moving average is C$18.56. The firm has a market capitalization of C$11.35 billion and a price-to-earnings ratio of 14.16.

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