NEXON (OTCMKTS:NEXOY) Hits New 52-Week Low – Should You Sell?

Shares of NEXON Co., Ltd. (OTCMKTS:NEXOY) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$15.47 and last traded at C$15.47, with a volume of 16097 shares changing hands. The stock had previously closed at C$16.30.

Wall Street Analyst Weigh In

Several research firms have weighed in on NEXOY. Zacks Research raised 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 note on Sunday, February 15th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, NEXON currently has an average rating of “Moderate Buy”.

NEXON Stock Down 9.3%

The firm has a 50 day moving average of C$17.65 and a 200 day moving average of C$21.60.

NEXON (OTCMKTS:NEXOY) last issued its earnings results on Thursday, May 14th. The company reported C$0.46 earnings per share (EPS) for the quarter.

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.