Gravity Co., Ltd. (NASDAQ:GRVY - Get Free Report) 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 trading hands.
Gravity Stock Performance
The firm has a fifty day moving average price of $58.93 and a two-hundred day moving average price of $61.66. The stock has a market capitalization of $454.12 million, a P/E ratio of 7.28 and a beta of 1.32.
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 firm had revenue of $93.23 million during the quarter. Gravity had a return on equity of 34.76% and a net margin of 14.98%.
Institutional Investors Weigh In On Gravity
Hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC increased its stake in shares of Gravity by 111.5% in the 4th quarter. Signaturefd LLC now owns 423 shares of the technology company's stock worth $27,000 after purchasing an additional 223 shares in the last quarter. GAMMA Investing LLC increased its stake in Gravity by 162.4% in the 4th quarter. GAMMA Investing LLC now owns 690 shares of the technology company's stock worth $44,000 after buying an additional 427 shares in the last quarter. R Squared Ltd purchased a new stake in Gravity in the 4th quarter worth $52,000. WealthCollab LLC increased its stake in Gravity by 91.6% in the 4th quarter. WealthCollab LLC now owns 979 shares of the technology company's stock worth $62,000 after buying an additional 468 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Gravity in the 4th quarter worth $204,000. 9.92% of the stock is currently owned by hedge funds and other institutional investors.
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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