Gravity Co., Ltd. (NASDAQ:GRVY - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $60.73 and traded as high as $64.01. Gravity shares last traded at $63.36, with a volume of 3,179 shares trading hands.
Gravity Stock Performance
The company has a market capitalization of $451.27 million, a P/E ratio of 7.23 and a beta of 1.32. The stock has a 50 day moving average price of $61.17 and a 200 day moving average price of $61.68.
Gravity (NASDAQ:GRVY - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The technology company reported $2.15 EPS for the quarter. The business had revenue of $93.23 million for the quarter. Gravity had a return on equity of 34.76% and a net margin of 14.98%.
Hedge Funds Weigh In On Gravity
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GRVY. Acadian Asset Management LLC lifted its stake in shares of Gravity by 8.7% during the 1st quarter. Acadian Asset Management LLC now owns 233,983 shares of the technology company's stock valued at $14,126,000 after buying an additional 18,826 shares in the last quarter. Ranmore Fund Management Ltd purchased a new stake in shares of Gravity during the fourth quarter worth $5,664,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Gravity by 13.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 66,989 shares of the technology company's stock worth $4,228,000 after acquiring an additional 8,014 shares during the period. Apis Capital Advisors LLC boosted its holdings in shares of Gravity by 7.5% in the fourth quarter. Apis Capital Advisors LLC now owns 20,000 shares of the technology company's stock worth $1,262,000 after acquiring an additional 1,400 shares during the period. Finally, Two Sigma Investments LP grew its position in shares of Gravity by 67.8% in the fourth quarter. Two Sigma Investments LP now owns 16,716 shares of the technology company's stock valued at $1,055,000 after purchasing an additional 6,754 shares in the last quarter. Institutional investors own 9.92% of the company's stock.
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.
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