Gravity Co., Ltd. (NASDAQ:GRVY - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 Price Performance
The business's 50 day moving average price is $58.75 and its 200 day moving average price is $61.64. The stock has a market capitalization of $448.21 million, a P/E ratio of 7.18 and a beta of 1.32.
Gravity (NASDAQ:GRVY - Get Free Report) last posted its earnings results on Friday, May 9th. The technology company reported $2.15 EPS for the quarter. The business had revenue of $93.23 million during the quarter. Gravity had a net margin of 14.98% and a return on equity of 34.76%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Ranmore Fund Management Ltd bought a new stake in shares of Gravity during the 4th quarter valued at about $5,664,000. GAMMA Investing LLC grew its position in Gravity by 2,135.9% during the first quarter. GAMMA Investing LLC now owns 15,428 shares of the technology company's stock valued at $933,000 after buying an additional 14,738 shares during the period. Boston Partners purchased a new stake in Gravity during the fourth quarter valued at approximately $869,000. Arrowstreet Capital Limited Partnership raised its position in 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. Finally, Two Sigma Investments LP boosted its stake 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 acquiring an additional 6,754 shares during 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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