NEXON (OTCMKTS:NEXOY) Shares Gap Down – Should You Sell?

NEXON Co., Ltd. (OTCMKTS:NEXOY)’s share price gapped down before the market opened 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.

NEXON Stock Down 15.1%

The company has a market capitalization of C$15.23 billion and a P/E ratio of 17.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.13 and a quick ratio of 5.13. The company has a 50 day moving average of C$14.53 and a 200-day moving average of C$17.04.

NEXON (OTCMKTS:NEXOY) last released its quarterly earnings results on Thursday, August 13th. The company reported C$0.24 EPS for the quarter. NEXON had a return on equity of 12.45% and a net margin of 26.37%.The business had revenue of C$759.75 million during the quarter, compared to analyst estimates of C$729.73 million. As a group, equities analysts anticipate that NEXON Co., Ltd. will post 0.74 EPS for the current year.

About NEXON

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.