NEXON (OTCMKTS:NEXOY) Issues Quarterly Earnings Results

NEXON (OTCMKTS:NEXOY) posted its earnings results on Thursday. The company reported C$0.24 earnings per share for the quarter, Zacks reports. NEXON had a return on equity of 11.39% and a net margin of 23.82%.

NEXON Price Performance

NEXON stock traded up C$3.58 during midday trading on Thursday, reaching C$19.37. 8,713 shares of the company were exchanged, compared to its average volume of 39,534. The firm’s 50-day simple moving average is C$14.24 and its 200-day simple moving average is C$17.13. NEXON has a 1 year low of C$13.01 and a 1 year high of C$28.82. The company has a market capitalization of C$15.37 billion and a price-to-earnings ratio of 19.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.13 and a current ratio of 5.13.

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.