NEXON (OTCMKTS:NEXOY) Sets New 52-Week Low – What’s Next?

NEXON Co., Ltd. (OTCMKTS:NEXOY)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as C$13.41 and last traded at C$13.41, with a volume of 816 shares trading hands. The stock had previously closed at C$13.61.

Analyst Ratings Changes

Separately, Zacks Research upgraded NEXON to a “hold” rating in a research note on Friday, April 10th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

NEXON Stock Up 0.3%

The business has a fifty day moving average price of C$15.63 and a two-hundred day moving average price of C$20.30.

NEXON (OTCMKTS:NEXOY) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$0.46 earnings per share for the quarter. The firm had revenue of C$970.34 million during the quarter, compared to analyst estimates of C$1.05 billion.

About NEXON

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.