NEXON (OTCMKTS:NEXOY) Sets New 12-Month Low – Should You Sell?

NEXON Co., Ltd. (OTCMKTS:NEXOY)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as C$13.70 and last traded at C$13.72, with a volume of 32013 shares changing hands. The stock had previously closed at C$13.99.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. The Goldman Sachs Group raised shares of NEXON to a “neutral” rating in a research report on Sunday, February 15th. Zacks Research raised shares of NEXON to a “hold” rating in a research report 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 MarketBeat.com, the stock has an average rating of “Moderate Buy”.

NEXON Stock Performance

The stock’s 50 day moving average is C$16.04 and its two-hundred day moving average is C$20.65.

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