Gravity Co., Ltd. (NASDAQ:GRVY - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $58.29 and traded as high as $60.08. Gravity shares last traded at $59.97, with a volume of 5,709 shares changing hands.
Gravity Price Performance
The business's 50-day simple moving average is $58.30 and its two-hundred day simple moving average is $61.74. The stock has a market capitalization of $416.11 million, a price-to-earnings ratio of 6.67 and a beta of 1.32.
Institutional Trading of Gravity
A number of institutional investors have recently added to or reduced their stakes in the business. Wealthquest Corp acquired a new position in shares of Gravity during the first quarter worth about $202,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Gravity by 64.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,742 shares of the technology company's stock valued at $408,000 after buying an additional 2,645 shares during the period. Flower City Capital lifted its position in Gravity by 37.4% during the 1st quarter. Flower City Capital now owns 5,500 shares of the technology company's stock worth $333,000 after acquiring an additional 1,496 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Gravity by 2,135.9% in the 1st quarter. GAMMA Investing LLC now owns 15,428 shares of the technology company's stock worth $933,000 after acquiring an additional 14,738 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Gravity by 143.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 4,828 shares of the technology company's stock valued at $305,000 after purchasing an additional 2,846 shares during the period. 9.92% of the stock is 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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