NEXON (OTCMKTS:NEXOY) Shares Gap Down – What’s Next?

NEXON Co., Ltd. (OTCMKTS:NEXOY – Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at C$20.18, but opened at C$19.47. NEXON shares last traded at C$19.47, with a volume of 248 shares traded.

NEXON Trading Down 0.3%

The stock has a 50 day moving average of C$18.09 and a 200-day moving average of C$16.56. The company has a market capitalization of C$15.34 billion and a P/E ratio of 17.71. The company has a current ratio of 5.85, a quick ratio of 5.13 and a debt-to-equity ratio of 0.03.

NEXON (OTCMKTS:NEXOY – Get Free Report) last released its earnings results on Thursday, August 13th. The company reported C$0.24 EPS for the quarter. NEXON had a net margin of 26.37% and a return on equity of 12.56%. The company had revenue of C$759.75 million for the quarter, compared to analysts’ expectations of C$729.73 million. On average, research analysts predict that NEXON Co., Ltd. will post 0.83 EPS for the current year.

About NEXON

(Get Free Report)

NEXON Co, Ltd. is a Japan-based global video game company that develops, publishes and operates online and mobile games. Its portfolio includes massively multiplayer online role-playing games, action games, racing titles and other interactive entertainment products. Notable franchises include MapleStory, Dungeon&Fighter, Mabinogi, KartRider and Blue Archive, as well as newer releases such as The First Descendant.

The company was founded in Seoul in 1994 and is recognized as an early pioneer of free-to-play online games.

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