Gravity Co., Ltd. (NASDAQ:GRVY - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $61.69 and traded as low as $59.78. Gravity shares last traded at $59.91, with a volume of 3,506 shares.
Gravity Trading Up 5.8 %
The firm's 50 day simple moving average is $58.75 and its two-hundred day simple moving average is $61.64. The firm has a market cap of $448.21 million, a price-to-earnings ratio of 7.18 and a beta of 1.32.
Gravity (NASDAQ:GRVY - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The technology company reported $2.15 earnings per share (EPS) for the quarter. Gravity had a return on equity of 34.76% and a net margin of 14.98%. The business had revenue of $93.23 million during the quarter.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Signaturefd LLC increased its holdings in Gravity by 111.5% in the 4th quarter. Signaturefd LLC now owns 423 shares of the technology company's stock valued at $27,000 after buying an additional 223 shares during the period. GAMMA Investing LLC increased its stake in Gravity by 162.4% in the fourth quarter. GAMMA Investing LLC now owns 690 shares of the technology company's stock valued at $44,000 after acquiring an additional 427 shares during the last quarter. R Squared Ltd acquired a new position in Gravity during the fourth quarter valued at approximately $52,000. WealthCollab LLC lifted its stake in Gravity by 91.6% during the fourth quarter. WealthCollab LLC now owns 979 shares of the technology company's stock worth $62,000 after purchasing an additional 468 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Gravity in the 4th quarter valued at $204,000. Institutional investors and hedge funds own 9.92% of the company's stock.
About Gravity
(
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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