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

NEXON Co., Ltd. (OTCMKTS:NEXOY)’s share 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 stock has a market cap of C$13.59 billion and a PE ratio of 15.68. 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 stock has a 50-day simple moving average of C$18.69 and a 200-day simple moving average of C$18.00.

NEXON (OTCMKTS:NEXOY) last released its quarterly earnings data on Thursday, August 13th. The company reported C$0.24 earnings per share 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 analyst estimates of C$729.73 million. Equities analysts predict that NEXON Co., Ltd. will post 0.83 earnings per share for the current fiscal year.

About NEXON

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.