NEXON (OTCMKTS:NEXOY) Hits New 1-Year Low – Here’s What Happened

NEXON Co., Ltd. (OTCMKTS:NEXOY)’s share price hit a new 52-week low during mid-day 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.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NEXOY. The Goldman Sachs Group raised shares of NEXON to a “neutral” rating in a report on Sunday, February 15th. Zacks Research raised shares of NEXON to a “hold” rating in a report on Friday, April 10th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

NEXON Price Performance

The firm’s fifty day simple moving average is C$15.86 and its 200-day simple moving average is C$20.52.

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