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

NEXON Co., Ltd. (OTCMKTS:NEXOYGet Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at C$15.44, but opened at C$18.93. NEXON shares last traded at C$19.00, with a volume of 2,855 shares traded.

NEXON Trading Up 16.3%

The firm has a market capitalization of C$18.00 billion and a P/E ratio of 20.43. The company has a quick ratio of 5.13, a current ratio of 5.13 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of C$14.53 and a 200-day moving average price of C$17.11.

NEXON (OTCMKTS:NEXOYGet Free Report) last issued its earnings results on Thursday, August 13th. The company reported C$0.24 EPS for the quarter. The business had revenue of C$759.75 million during the quarter, compared to analyst estimates of C$729.73 million. NEXON had a return on equity of 12.45% and a net margin of 26.37%. Analysts anticipate that NEXON Co., Ltd. will post 0.74 earnings per share for the current year.

NEXON Company Profile

(Get Free Report)

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.

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