NEXON (OTCMKTS:NEXOY) Stock Breaks Above Two Hundred Day Moving Average – What’s Next?

NEXON Co., Ltd. (OTCMKTS:NEXOY) shares crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$17.78 and traded as high as C$18.70. NEXON shares last traded at C$18.49, with a volume of 8,640 shares.

NEXON Stock Performance

The company has a market cap of C$14.19 billion and a PE ratio of 16.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.85 and a quick ratio of 5.85. The company’s fifty day moving average price is C$18.46 and its 200 day moving average price is C$17.74.

NEXON (OTCMKTS:NEXOY) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$0.24 EPS for the quarter. NEXON had a return on equity of 12.56% and a net margin of 26.37%. The business had revenue of C$759.75 million for the quarter, compared to the consensus estimate of C$729.73 million. On average, equities research analysts predict that NEXON Co., Ltd. will post 0.83 earnings per share for the current year.

About NEXON

NEXON Co, Ltd. is a video game developer and publisher based in Tokyo, Japan. Founded in Seoul in 1994, the company specializes in online games designed for ongoing play and regular updates, and distributes titles on PC and mobile platforms.

NEXON’s portfolio includes long-running franchises such as MapleStory and Dungeon & Fighter, as well as games including Mabinogi and Blue Archive. Its activities span game development, publishing, and live operations, including community support and the release of new content.

The company serves players in markets around the world, with a significant presence in Asia as well as operations in North America and Europe.