NEXON (OTCMKTS:NEXOY) Shares Gap Down – Here’s What Happened

NEXON Co., Ltd. (OTCMKTS:NEXOY) gapped down prior to trading on Tuesday. The stock had previously closed at C$17.06, but opened at C$16.18. NEXON shares last traded at C$16.18, with a volume of 168 shares traded.

NEXON Stock Down 4.5%

The company has a debt-to-equity ratio of 0.03, a current ratio of 5.85 and a quick ratio of 5.85. The business has a 50 day simple moving average of C$18.57 and a 200 day simple moving average of C$16.49. The stock has a market cap of C$12.66 billion and a PE ratio of 14.61.

NEXON (OTCMKTS:NEXOY) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$0.24 earnings per share (EPS) for the quarter. NEXON had a return on equity of 12.56% and a net margin of 26.37%.The business had revenue of C$759.75 million during the quarter, compared to analyst estimates of C$729.73 million. On average, equities research analysts forecast that NEXON Co., Ltd. will post 0.83 EPS for the current fiscal year.

NEXON Company Profile

NEXON Co, Ltd. is a Japan-based video game company that develops, publishes and operates online games for personal computers, mobile devices and consoles. Its business focuses on long-term, live-service game franchises supported by regular updates, community features and digital content. The company serves players worldwide through regional operations and publishing partnerships.

NEXON’s portfolio includes well-known titles such as MapleStory, Dungeon & Fighter, EA SPORTS FC Online, Blue Archive and THE FINALS.