NEXON (OTCMKTS:NEXOY) Stock Price Up 3.3% – Here’s Why

Shares of NEXON Co., Ltd. (OTCMKTS:NEXOYGet Free Report) rose 3.3% on Monday . The company traded as high as C$24.31 and last traded at C$24.14. Approximately 39,354 shares changed hands during mid-day trading, an increase of 54% from the average daily volume of 25,565 shares. The stock had previously closed at C$23.36.

Analysts Set New Price Targets

NEXOY has been the topic of a number of research analyst reports. Morgan Stanley upgraded shares of NEXON to an “overweight” rating in a report on Tuesday, November 11th. Sanford C. Bernstein raised shares of NEXON from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

View Our Latest Stock Analysis on NEXOY

NEXON Price Performance

The company has a fifty day simple moving average of C$25.14 and a two-hundred day simple moving average of C$23.00.

About NEXON

(Get Free Report)

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.

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