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

NEXON Co., Ltd. (OTCMKTS:NEXOY)’s stock price 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 Trading Up 2.1%

The business’s 50-day simple moving average is C$18.79 and its two-hundred day simple moving average is C$16.42. The firm has a market capitalization of C$13.87 billion and a price-to-earnings ratio of 16.01. The company has a quick ratio of 5.85, a current ratio of 5.85 and a debt-to-equity ratio of 0.03.

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

About NEXON

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.