NEXON (OTCMKTS:NEXOY) Shares Down 9.7% – Should You Sell?

NEXON Co., Ltd. (OTCMKTS:NEXOY)’s share price fell 9.7% during trading on Tuesday. The stock traded as low as C$17.51 and last traded at C$17.51. 2,560 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 34,911 shares. The stock had previously closed at C$19.39.

NEXON Stock Performance

The firm has a market cap of C$13.51 billion and a PE ratio of 15.59. The firm’s 50 day simple moving average is C$18.31 and its 200 day simple moving average is C$16.56. The company has a current ratio of 5.85, a quick ratio of 5.85 and a debt-to-equity ratio of 0.03.

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

NEXON Company Profile

NEXON Co, Ltd. is a Japan-based global video game company that develops, publishes and operates online and mobile games. Its portfolio includes massively multiplayer online role-playing games, action games, racing titles and other interactive entertainment products. Notable franchises include MapleStory, Dungeon&Fighter, Mabinogi, KartRider and Blue Archive, as well as newer releases such as The First Descendant.

The company was founded in Seoul in 1994 and is recognized as an early pioneer of free-to-play online games.