NEXON (OTCMKTS:NEXOY) Shares Gap Up – Still a Buy?

NEXON Co., Ltd. (OTCMKTS:NEXOY)’s stock price gapped up prior to trading on Friday. The stock had previously closed at C$17.25, but opened at C$18.22. NEXON shares last traded at C$18.22, with a volume of 165 shares changing hands.

NEXON Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.85 and a current ratio of 5.85. The company has a market capitalization of C$13.59 billion and a PE ratio of 15.68. The company has a 50 day moving average price of C$18.69 and a 200 day moving average price of C$18.00.

NEXON (OTCMKTS:NEXOY) last posted its quarterly 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 firm had revenue of C$759.75 million for the quarter, compared to analysts’ expectations of C$729.73 million. Equities analysts forecast that NEXON Co., Ltd. will post 0.83 EPS for the current year.

NEXON Company Profile

NEXON Co, Ltd. is a global game developer and publisher headquartered in Japan. Founded in 1994, the company is known for pioneering online games and for operating long-running live-service franchises across personal computers, consoles and mobile devices.

Its portfolio includes popular titles such as MapleStory, Dungeon&Fighter, Blue Archive, KartRider and The First Descendant. NEXON develops and publishes games through studios and subsidiaries in markets including Japan, South Korea, North America and Europe, serving players worldwide through digital distribution and ongoing content updates.

NEXON’s business is centered on creating, publishing and managing interactive entertainment, with revenue generated primarily through digital game services and in-game content.