NEXON (OTCMKTS:NEXOY) Stock Price Down 17.3% – Time to Sell?

NEXON Co., Ltd. (OTCMKTS:NEXOY) shares fell 17.3% on Tuesday . The stock traded as low as C$18.71 and last traded at C$18.71. Approximately 1,061 shares traded hands during trading, a decline of 97% from the average session volume of 39,394 shares. The stock had previously closed at C$22.61.

NEXON Stock Down 2.0%

The business has a fifty day simple moving average of C$14.63 and a 200 day simple moving average of C$16.98. The firm has a market cap of C$14.87 billion and a price-to-earnings ratio of 16.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.13 and a quick ratio of 5.13.

NEXON (OTCMKTS:NEXOY) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.24 earnings per share for the quarter. The firm had revenue of C$759.75 million for the quarter, compared to the consensus estimate of C$729.73 million. NEXON had a net margin of 26.37% and a return on equity of 12.45%. As a group, equities analysts forecast that NEXON Co., Ltd. will post 0.74 EPS for the current fiscal year.

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.