NEXON (OTCMKTS:NEXOY) Hits New 52-Week Low – Here’s What Happened

NEXON Co., Ltd. (OTCMKTS:NEXOY)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$13.22 and last traded at C$13.44, with a volume of 143727 shares trading hands. The stock had previously closed at C$13.60.

Analyst Ratings Changes

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

NEXON Trading Down 1.2%

The company has a market cap of C$10.66 billion and a price-to-earnings ratio of 13.31. The business’s 50 day moving average price is C$15.23 and its 200-day moving average price is C$19.85.

NEXON (OTCMKTS:NEXOY) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.46 EPS for the quarter. The company had revenue of C$970.34 million during 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.