GRAVITY Co., Ltd. (NASDAQ:GRVY - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $61.41 and traded as low as $61.00. GRAVITY shares last traded at $62.25, with a volume of 23,137 shares trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded GRAVITY from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th.
Read Our Latest Analysis on GRAVITY
GRAVITY Stock Up 1.1%
The firm has a 50 day moving average of $63.41 and a two-hundred day moving average of $61.50. The firm has a market capitalization of $479.41 million, a price-to-earnings ratio of 8.27 and a beta of 1.23.
GRAVITY (NASDAQ:GRVY - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The technology company reported $1.41 EPS for the quarter. GRAVITY had a return on equity of 17.45% and a net margin of 17.60%. The firm had revenue of $126.15 million for the quarter.
Hedge Funds Weigh In On GRAVITY
A number of hedge funds and other institutional investors have recently made changes to their positions in GRVY. Cambridge Investment Research Advisors Inc. increased its holdings in GRAVITY by 64.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,742 shares of the technology company's stock worth $408,000 after purchasing an additional 2,645 shares in the last quarter. GAMMA Investing LLC increased its holdings in GRAVITY by 2,135.9% in the first quarter. GAMMA Investing LLC now owns 15,428 shares of the technology company's stock worth $933,000 after purchasing an additional 14,738 shares in the last quarter. Citadel Advisors LLC bought a new stake in GRAVITY in the fourth quarter worth approximately $204,000. Two Sigma Investments LP increased its holdings in GRAVITY by 67.8% in the fourth quarter. Two Sigma Investments LP now owns 16,716 shares of the technology company's stock worth $1,055,000 after purchasing an additional 6,754 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new stake in GRAVITY in the fourth quarter worth approximately $278,000. 9.92% of the stock is owned by institutional investors and hedge funds.
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.
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