NEXON Stock Hits Day Low of JPY 3,014 Amid Price Pressure

NEXON Co., Ltd. experienced a notable decline today, with the stock falling by 3.1% to reach an intraday low of JPY 3,014.00. This performance comes amid a broader market backdrop, where the Japan Nikkei 225 index decreased by only 0.58%. Over the past week, NEXON has seen a more significant drop of 6.39%, contrasting sharply with the Nikkei's 1.83% gain.
In terms of longer-term performance, NEXON's results have been mixed. The stock has generated a return of 14.0% over the past year, which lags behind the Nikkei 225's impressive 30.08% return. Year-to-date, NEXON has performed relatively well with a 27.5% increase, slightly outpacing the Nikkei's 25.88%.

Financial metrics indicate a decline in net sales by 2.96%, while interest expenses have surged by 145.45%. The company's interest coverage ratio stands at a low 240.91, and raw material costs have risen by 5.8% year-over-year. With a market capitalization of JPY 2,877,787 million, NEXON operates within the large-cap segment of the Computers - Software & Consulting industry.