NEXON (OTCMKTS:NEXOY) Stock Price Up 15.3% – Should You Buy?

NEXON Co., Ltd. (OTCMKTS:NEXOY) traded up 15.3% during mid-day trading on Friday . The company traded as high as C$22.70 and last traded at C$22.48. 9,892 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 39,336 shares. The stock had previously closed at C$19.50.

NEXON Stock Performance

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 stock’s 50-day moving average price is C$14.35 and its 200 day moving average price is C$17.07. The firm has a market cap of C$17.74 billion and a P/E ratio of 22.13.

NEXON (OTCMKTS:NEXOY) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$0.24 EPS for the quarter. NEXON had a net margin of 23.82% and a return on equity of 11.39%. The firm had revenue of C$759.75 million for the quarter, compared to analysts’ expectations of C$729.73 million. As a group, equities analysts predict that NEXON Co., Ltd. will post 0.74 EPS for the current year.

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.