NEXON (OTCMKTS:NEXOY) Stock Falls 9.7% – Should You Sell?

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

NEXON Trading Down 10.8%

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

NEXON (OTCMKTS:NEXOY) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of C$729.73 million. As a group, equities analysts anticipate 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.