NEXON (OTCMKTS:NEXOY) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of NEXON Co., Ltd. (OTCMKTS:NEXOY) passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of C$17.78 and traded as high as C$18.70. NEXON shares last traded at C$18.49, with a volume of 8,640 shares.

NEXON Price Performance

The company has a quick ratio of 5.85, a current ratio of 5.85 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is C$18.50 and its two-hundred day moving average price is C$17.78. The stock has a market capitalization of C$14.45 billion and a PE ratio of 16.66.

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

NEXON Company Profile

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.