NEXON (OTCMKTS:NEXOY) Shares Gap Down – Time to Sell?
by Scott Moore · The Cerbat GemShares of NEXON Co., Ltd. (OTCMKTS:NEXOY – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at C$17.13, but opened at C$16.32. NEXON shares last traded at C$16.32, with a volume of 130 shares.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. Zacks Research raised shares of NEXON to a “hold” rating in a report on Friday, April 10th. Sanford C. Bernstein raised shares of NEXON from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 7th. Finally, The Goldman Sachs Group raised shares of NEXON to a “neutral” rating in a report on Sunday, February 15th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, NEXON has a consensus rating of “Moderate Buy”.
Get Our Latest Analysis on NEXON
NEXON Stock Down 0.5%
The business’s fifty day moving average is C$18.18 and its 200-day moving average is C$21.79.
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.