NEXON (OTCMKTS:NEXOY) Announces Quarterly Earnings Results

NEXON (OTCMKTS:NEXOY) released its quarterly earnings data on Thursday. The company reported C$0.46 EPS for the quarter, Zacks reports.

NEXON Stock Down 8.7%

Shares of NEXOY stock traded down C$1.44 on Thursday, reaching C$15.20. 67,113 shares of the company were exchanged, compared to its average volume of 34,663. The business has a 50-day moving average price of C$17.55 and a 200 day moving average price of C$21.56. NEXON has a 1 year low of C$15.00 and a 1 year high of C$28.82.

Analyst Ratings Changes

NEXOY has been the topic of several recent research reports. The Goldman Sachs Group upgraded NEXON to a “neutral” rating in a research report on Sunday, February 15th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.