NEXON (OTCMKTS:NEXOY) Reaches New 52-Week Low – Should You Sell?

NEXON Co., Ltd. (OTCMKTS:NEXOY) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as C$13.22 and last traded at C$13.44, with a volume of 143727 shares traded. The stock had previously closed at C$13.60.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of NEXON to a “hold” rating in a research report on Friday, April 10th. Two 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, NEXON has a consensus rating of “Moderate Buy”.

NEXON Trading Down 0.5%

The firm has a 50 day simple moving average of C$15.09 and a two-hundred day simple moving average of C$19.69. The company has a market capitalization of C$10.36 billion and a PE ratio of 12.93.

NEXON (OTCMKTS:NEXOY) last released its quarterly earnings results on Thursday, May 14th. The company reported C$0.46 EPS for the quarter. The company had revenue of C$970.34 million for the quarter, compared to analysts’ expectations 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.