NEXON (OTCMKTS:NEXOY) Sees Large Volume Increase – Here’s Why

NEXON Co., Ltd. (OTCMKTS:NEXOY) shares saw unusually-strong trading volume on Tuesday . 67,696 shares changed hands during trading, an increase of 63% from the previous session’s volume of 41,490 shares.The stock last traded at C$13.95 and had previously closed at C$14.30.

Analysts Set New Price Targets

Separately, Zacks Research raised NEXON to a “hold” rating in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

NEXON Trading Down 1.9%

The firm has a market capitalization of C$11.09 billion and a price-to-earnings ratio of 13.84. The stock’s 50-day moving average is C$14.06 and its 200-day moving average is C$18.44.

NEXON (OTCMKTS:NEXOY) last posted its earnings results on Thursday, May 14th. The company reported C$0.46 earnings per share for the quarter. The company had revenue of C$970.34 million for the quarter, compared to the consensus estimate of C$1.05 billion.

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.