NEXON (OTCMKTS:NEXOY) Announces Earnings Results

NEXON (OTCMKTS:NEXOY) announced its quarterly earnings results on Thursday. The company reported C$0.46 earnings per share for the quarter, Zacks reports. The company had revenue of C$970.34 million during the quarter, compared to the consensus estimate of C$1.05 billion.

NEXON Price Performance

NEXON stock traded down C$1.04 on Friday, reaching C$14.16. The company’s stock had a trading volume of 28,764 shares, compared to its average volume of 34,613. The business’s fifty day moving average price is C$17.44 and its 200 day moving average price is C$21.51. NEXON has a twelve month low of C$14.08 and a twelve month high of C$28.82.

Analysts Set New Price Targets

A number of brokerages have weighed in on NEXOY. Zacks Research upgraded NEXON to a “hold” rating in a research report on Friday, April 10th. The Goldman Sachs Group upgraded NEXON to a “neutral” rating in a research report on Sunday, February 15th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NEXON presently has an average rating of “Moderate Buy”.

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.