GRAVITY Co., Ltd. (NASDAQ:GRVY - Get Free Report) shares passed above its fifty day moving average during trading on Monday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The stock has a fifty day moving average of $63.69 and traded as high as $65.55. GRAVITY shares last traded at $64.35, with a volume of 7,197 shares trading hands.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in GRVY. Apis Capital Advisors LLC grew its stake in GRAVITY by 7.5% in the 4th quarter. Apis Capital Advisors LLC now owns 20,000 shares of the technology company's stock valued at $1,262,000 after acquiring an additional 1,400 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of GRAVITY during the 4th quarter worth approximately $204,000. Two Sigma Investments LP raised its position in shares of GRAVITY by 67.8% during the 4th quarter. Two Sigma Investments LP now owns 16,716 shares of the technology company's stock worth $1,055,000 after purchasing an additional 6,754 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in GRAVITY during the 4th quarter valued at $278,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of GRAVITY by 143.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 4,828 shares of the technology company's stock worth $305,000 after acquiring an additional 2,846 shares during the last quarter. Institutional investors and hedge funds own 9.92% of the company's stock.
GRAVITY Stock Up 0.5%
The business has a 50 day moving average of $63.88 and a 200 day moving average of $61.75. The firm has a market cap of $448.62 million, a price-to-earnings ratio of 7.74 and a beta of 1.23.
GRAVITY (NASDAQ:GRVY - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The technology company reported $1.41 earnings per share (EPS) for the quarter. The business had revenue of $126.15 million for the quarter. GRAVITY had a net margin of 17.60% and a return on equity of 17.45%.
GRAVITY Company Profile
(
Get Free Report)
Gravity Co, Ltd. develops and publishes online and mobile games worldwide. It offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Landverse. Its mobile games portfolio includes Ragnarok M; Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; Ragnarok Arena; WITH ISLAND; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; Generation Zombie; Ragnarok Idle Adventure; Ragnarok 20 Heroes; White Chord; WITH: Whale In The High; Ragnarok Lost Memories; and Paladog Tactics.
Featured Stories
Before you consider GRAVITY, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GRAVITY wasn't on the list.
While GRAVITY currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
