NEXON (OTCMKTS:NEXOY) Shares Gap Up – Time to Buy?

NEXON Co., Ltd. (OTCMKTS:NEXOY) shares gapped up prior to trading on Tuesday . The stock had previously closed at C$13.81, but opened at C$14.78. NEXON shares last traded at C$14.78, with a volume of 521 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of NEXON to a “hold” rating in a research note on Friday, April 10th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

NEXON Stock Down 2.3%

The stock has a market capitalization of C$11.22 billion and a PE ratio of 14.00. The stock’s 50 day moving average price is C$14.49 and its 200-day moving average price is C$19.02.

NEXON (OTCMKTS:NEXOY) last posted 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 during 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.