Shares of 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 traded.
Gravity Stock Performance
The firm's 50 day moving average price is $58.93 and its 200-day moving average price is $61.66. The firm has a market capitalization of $454.12 million, a PE ratio of 7.28 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 earnings per share (EPS) for the quarter. Gravity had a net margin of 14.98% and a return on equity of 34.76%. The business had revenue of $93.23 million for the quarter.
Institutional Investors Weigh In On Gravity
Hedge funds have recently modified their holdings of the company. Signaturefd LLC boosted its stake in shares of Gravity by 111.5% during the 4th quarter. Signaturefd LLC now owns 423 shares of the technology company's stock worth $27,000 after acquiring an additional 223 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Gravity by 162.4% during the 4th quarter. GAMMA Investing LLC now owns 690 shares of the technology company's stock worth $44,000 after purchasing an additional 427 shares during the last quarter. R Squared Ltd acquired a new position in shares of Gravity during the 4th quarter worth about $52,000. WealthCollab LLC raised its position in shares of Gravity by 91.6% during the 4th 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, Wealthquest Corp acquired a new position in shares of Gravity during the 1st quarter worth about $202,000. 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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