NEXON (OTCMKTS:NEXOY) Shares Up 3.3% – Still a Buy?

NEXON Co., Ltd. (OTCMKTS:NEXOY) shot up 3.3% on Monday . The stock traded as high as C$24.31 and last traded at C$24.14. 39,354 shares were traded during trading, an increase of 54% from the average session volume of 25,565 shares. The stock had previously closed at C$23.36.

Analyst Ratings Changes

NEXOY has been the subject of several analyst reports. Morgan Stanley raised NEXON to an “overweight” rating in a research note on Tuesday, November 11th. Sanford C. Bernstein upgraded NEXON from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 7th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

NEXON Price Performance

The company’s 50 day simple moving average is C$25.14 and its 200-day simple moving average is C$23.00.

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.