NEXON (OTCMKTS:NEXOY) Shares Up 15.3% – Here’s What Happened

NEXON Co., Ltd. (OTCMKTS:NEXOYGet Free Report)’s stock price was up 15.3% on Friday . The stock traded as high as C$22.70 and last traded at C$22.48. Approximately 9,892 shares traded hands during trading, a decline of 75% from the average session volume of 39,336 shares. The stock had previously closed at C$19.50.

NEXON Trading Up 14.6%

The company has a market cap of C$17.74 billion and a P/E ratio of 22.13. The company has a current ratio of 5.13, a quick ratio of 5.13 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of C$14.35 and a 200-day moving average price of C$17.07.

NEXON (OTCMKTS:NEXOYGet Free Report) last released its earnings results on Thursday, August 13th. The company reported C$0.24 earnings per share for the quarter. The business had revenue of C$759.75 million during the quarter, compared to analysts’ expectations of C$729.73 million. NEXON had a net margin of 23.82% and a return on equity of 11.39%. Analysts forecast that NEXON Co., Ltd. will post 0.74 earnings per share for the current fiscal year.

NEXON Company Profile

(Get Free Report)

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.

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