NEXON (OTCMKTS:NEXOY) Shares Gap Up – Here’s Why

NEXON Co., Ltd. (OTCMKTS:NEXOY) gapped up before the market opened on Friday. The stock had previously closed at C$17.14, but opened at C$17.83. NEXON shares last traded at C$17.77, with a volume of 598 shares.

NEXON Stock Up 2.1%

The firm’s 50-day simple moving average is C$18.79 and its 200 day simple moving average is C$16.42. 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 company has a market capitalization of C$13.87 billion and a PE ratio of 16.01.

NEXON (OTCMKTS:NEXOY) last released its quarterly earnings data on Thursday, August 13th. The company reported C$0.24 EPS for the quarter. The firm had revenue of C$759.75 million for the quarter, compared to the consensus estimate of C$729.73 million. NEXON had a net margin of 26.37% and a return on equity of 12.56%. As a group, equities research analysts forecast that NEXON Co., Ltd. will post 0.83 earnings per share for the current year.

NEXON Company Profile

NEXON Co, Ltd. is a Japan-based video game company that develops, publishes and operates online games for personal computers, mobile devices and consoles. Its business focuses on long-term, live-service game franchises supported by regular updates, community features and digital content. The company serves players worldwide through regional operations and publishing partnerships.

NEXON’s portfolio includes well-known titles such as MapleStory, Dungeon & Fighter, EA SPORTS FC Online, Blue Archive and THE FINALS.