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

NEXON Co., Ltd. (OTCMKTS:NEXOY)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at C$17.86, but opened at C$17.25. NEXON shares last traded at C$17.25, with a volume of 560 shares traded.

NEXON Trading Down 1.1%

The company’s fifty day moving average is C$18.69 and its two-hundred day moving average is C$18.00. The stock has a market cap of C$13.32 billion and a price-to-earnings ratio of 15.37. The company has a quick ratio of 5.85, a current ratio of 5.85 and a debt-to-equity ratio of 0.03.

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

About NEXON

NEXON Co, Ltd. is a global game developer and publisher headquartered in Japan. Founded in 1994, the company is known for pioneering online games and for operating long-running live-service franchises across personal computers, consoles and mobile devices.

Its portfolio includes popular titles such as MapleStory, Dungeon&Fighter, Blue Archive, KartRider and The First Descendant. NEXON develops and publishes games through studios and subsidiaries in markets including Japan, South Korea, North America and Europe, serving players worldwide through digital distribution and ongoing content updates.

NEXON’s business is centered on creating, publishing and managing interactive entertainment, with revenue generated primarily through digital game services and in-game content.