NEXON (OTCMKTS:NEXOY) Sets New 12-Month Low – Should You Sell?

NEXON Co., Ltd. (OTCMKTS:NEXOY)’s stock price hit a new 52-week low on Tuesday . The company traded as low as C$13.70 and last traded at C$13.72, with a volume of 32013 shares traded. The stock had previously closed at C$13.99.

Analyst Upgrades and Downgrades

NEXOY has been the subject of several recent analyst reports. The Goldman Sachs Group upgraded shares of NEXON to a “neutral” rating in a research note on Sunday, February 15th. Zacks Research upgraded shares of NEXON to a “hold” rating in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

NEXON Stock Down 3.1%

The company’s 50 day moving average price is C$16.04 and its 200 day moving average price is C$20.65.

NEXON (OTCMKTS:NEXOY) last released its earnings results on Thursday, May 14th. The company reported C$0.46 EPS 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.