NEXON (OTCMKTS:NEXOY) Shares Gap Up – Here’s What Happened

NEXON Co., Ltd. (OTCMKTS:NEXOY)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at C$18.16, but opened at C$19.46. NEXON shares last traded at C$19.18, with a volume of 800 shares changing hands.

NEXON Price Performance

The company has a 50-day moving average of C$18.40 and a two-hundred day moving average of C$17.61. 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 market capitalization of C$14.69 billion and a PE ratio of 17.09.

NEXON (OTCMKTS:NEXOY) last posted its quarterly earnings results on Tuesday, November 10th. The company reported C$0.31 EPS for the quarter. NEXON had a return on equity of 12.41% and a net margin of 25.30%. The company had revenue of C$869.60 million during the quarter, compared to analysts’ expectations of C$803.30 million. Sell-side analysts predict that NEXON Co., Ltd. will post 0.83 EPS for the current fiscal year.

About NEXON

NEXON Co., Ltd. is a video game developer and publisher based in Tokyo, Japan. Founded in Seoul in 1994, the company specializes in online games designed for ongoing play and regular updates, and distributes titles on PC and mobile platforms. NEXON’s portfolio includes long-running franchises such as MapleStory and Dungeon & Fighter, as well as games including Mabinogi and Blue Archive. Its activities span game development, publishing, and live operations, including community support and the release of new content.