GRAVITY Co., Ltd. (NASDAQ:GRVY - Get Free Report)'s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $63.85 and traded as high as $64.00. GRAVITY shares last traded at $63.54, with a volume of 3,105 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded GRAVITY from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th.
View Our Latest Stock Analysis on GRVY
GRAVITY Price Performance
The stock has a fifty day moving average price of $63.85 and a two-hundred day moving average price of $61.20. The company has a market cap of $441.33 million, a P/E ratio of 7.71 and a beta of 1.25.
GRAVITY (NASDAQ:GRVY - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The technology company reported $2.15 earnings per share for the quarter. The company had revenue of $93.23 million for the quarter. GRAVITY had a return on equity of 18.07% and a net margin of 19.17%.
Institutional Investors Weigh In On GRAVITY
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its position in GRAVITY by 8.7% during the 1st quarter. Acadian Asset Management LLC now owns 233,983 shares of the technology company's stock worth $14,126,000 after purchasing an additional 18,826 shares in the last quarter. Ranmore Fund Management Ltd purchased a new position in GRAVITY during the 4th quarter worth approximately $5,664,000. Arrowstreet Capital Limited Partnership grew its position in GRAVITY by 13.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 66,989 shares of the technology company's stock worth $4,228,000 after purchasing an additional 8,014 shares in the last quarter. Militia Capital Partners LP grew its position in GRAVITY by 63.5% during the 1st quarter. Militia Capital Partners LP now owns 45,656 shares of the technology company's stock worth $2,762,000 after purchasing an additional 17,738 shares in the last quarter. Finally, Apis Capital Advisors LLC grew its holdings in shares of GRAVITY by 7.5% during the 4th quarter. Apis Capital Advisors LLC now owns 20,000 shares of the technology company's stock valued at $1,262,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors 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.
Further Reading
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