NEXON (OTCMKTS:NEXOY) Shares Gap Down – Here’s What Happened

NEXON Co., Ltd. (OTCMKTS:NEXOY) gapped down prior to trading on Monday . The stock had previously closed at C$22.61, but opened at C$19.07. NEXON shares last traded at C$19.20, with a volume of 1,991 shares traded.

NEXON Stock Performance

The company’s 50-day moving average price is C$14.53 and its 200 day moving average price is C$17.04. The stock has a market capitalization of C$15.23 billion and a PE ratio of 17.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.13 and a current ratio of 5.13.

NEXON (OTCMKTS:NEXOY) last announced its quarterly 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 12.45%. The company had revenue of C$759.75 million for the quarter, compared to analysts’ expectations of C$729.73 million. On average, equities research analysts expect that NEXON Co., Ltd. will post 0.74 earnings per share for the current fiscal year.

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.