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

NEXON Co., Ltd. (OTCMKTS:NEXOY) gapped up before the market opened on Monday . The stock had previously closed at C$13.06, but opened at C$13.96. NEXON shares last traded at C$13.71, with a volume of 500 shares.

Analysts Set New Price Targets

Separately, Zacks Research raised NEXON to a “hold” rating in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, NEXON currently has a consensus rating of “Moderate Buy”.

NEXON Stock Up 5.4%

The firm has a market cap of C$11.04 billion and a price-to-earnings ratio of 13.79. The stock’s 50 day moving average is C$15.01 and its 200 day moving average is C$19.62.

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 firm had revenue of C$970.34 million during the quarter, compared to analyst estimates of C$1.05 billion.

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.