NEXON (OTCMKTS:NEXOY) Sees Large Volume Increase – Here’s Why

NEXON Co., Ltd. (OTCMKTS:NEXOY) saw unusually-high trading volume on Tuesday . Approximately 73,684 shares traded hands during mid-day trading, an increase of 86% from the previous session’s volume of 39,539 shares.The stock last traded at C$13.50 and had previously closed at C$13.21.

Analyst Ratings Changes

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

NEXON Trading Down 4.2%

The stock has a market capitalization of C$10.61 billion and a PE ratio of 13.24. The firm has a 50 day moving average of C$14.94 and a two-hundred day moving average of C$19.54.

NEXON (OTCMKTS:NEXOY) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.46 earnings per share (EPS) for the quarter. The firm had revenue of C$970.34 million for the quarter, compared to analyst estimates 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.