NEXON (OTCMKTS:NEXOY) Reaches New 1-Year Low – Time to Sell?

NEXON Co., Ltd. (OTCMKTS:NEXOY)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$13.22 and last traded at C$13.44, with a volume of 143727 shares trading hands. The stock had previously closed at C$13.60.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of NEXON to a “hold” rating in a report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NEXON has an average rating of “Moderate Buy”.

NEXON Trading Down 1.2%

The stock has a 50 day simple moving average of C$15.23 and a 200 day simple moving average of C$19.85. The stock has a market cap of C$10.66 billion and a P/E ratio of 13.31.

NEXON (OTCMKTS:NEXOY) last released its earnings results on Thursday, May 14th. The company reported C$0.46 earnings per share for the quarter. The company had revenue of C$970.34 million for the quarter, compared to the consensus estimate of C$1.05 billion.

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.