NEXON (OTCMKTS:NEXOY) Shares Gap Down - Time to Sell?

Key Points

• Shares gapped down Monday, opening at C$16.32 after a C$17.13 close and last trading at C$16.32 on just 130 shares, roughly a 0.5% decline.
• Analyst activity has been mixed but improving, with two Buy and two Hold ratings and a consensus of "Moderate Buy"; recent notes include upgrades from Sanford C. Bernstein (to outperform) and coverage changes from Goldman Sachs and Zacks.
• The stock is trading below its technicals, sitting under the 50-day (C$18.18) and 200-day (C$21.79) moving averages, signaling continued downward pressure.

NEXON Co., Ltd. (OTCMKTS:NEXOY - Get Free Report)'s share price 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 trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein raised shares of NEXON from a "market perform" rating to an "outperform" rating in a research report on Wednesday, January 7th. The Goldman Sachs Group raised shares of NEXON to a "neutral" rating in a research report on Sunday, February 15th. Finally, Zacks Research raised shares of NEXON to a "hold" rating in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, NEXON has a consensus rating of "Moderate Buy".

NEXON Stock Down 0.5%

The company has a 50 day moving average price of C$18.18 and a 200-day moving average price of 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.

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