Shares of GRAVITY Co., Ltd. (NASDAQ:GRVY - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-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 trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen raised GRAVITY from a "hold" rating to a "buy" rating in a report on Saturday, June 14th.
Get Our Latest Stock Report on GRVY
GRAVITY Stock Down 1.1%
The company has a 50 day moving average of $63.85 and a 200 day moving average of $61.22. The firm has a market cap of $441.60 million, a price-to-earnings ratio of 7.71 and a beta of 1.25.
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 firm 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%.
Hedge Funds Weigh In On GRAVITY
A number of institutional investors have recently made changes to their positions in the business. Signaturefd LLC boosted its holdings 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 acquiring an additional 223 shares in the last quarter. Parallel Advisors LLC raised its position in GRAVITY by 160.9% in the 2nd quarter. Parallel Advisors LLC now owns 467 shares of the technology company's stock worth $30,000 after purchasing an additional 288 shares during the last quarter. GAMMA Investing LLC raised its position in GRAVITY by 120.8% in the 2nd quarter. GAMMA Investing LLC now owns 563 shares of the technology company's stock worth $36,000 after purchasing an additional 308 shares during the last quarter. WealthCollab LLC raised its position 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 purchasing an additional 468 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in GRAVITY in the 4th quarter worth approximately $204,000. 9.92% of the stock is currently owned by institutional investors.
About GRAVITY
(
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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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