Gravity Co., Ltd. (NASDAQ:GRVY - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $69.26 and traded as low as $66.47. Gravity shares last traded at $66.80, with a volume of 40,729 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Gravity from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 14th.
Read Our Latest Stock Analysis on Gravity
Gravity Trading Down 0.4 %
The stock has a market capitalization of $462.18 million, a P/E ratio of 4.32 and a beta of 0.87. The company's 50-day moving average is $71.37 and its two-hundred day moving average is $69.26.
Institutional Trading of Gravity
Several hedge funds have recently bought and sold shares of the company. Citigroup Inc. increased its stake in Gravity by 229.4% during the 1st quarter. Citigroup Inc. now owns 2,576 shares of the technology company's stock valued at $130,000 after buying an additional 1,794 shares during the period. Hsbc Holdings PLC increased its stake in Gravity by 31.0% during the 1st quarter. Hsbc Holdings PLC now owns 11,131 shares of the technology company's stock valued at $561,000 after buying an additional 2,631 shares during the period. State Street Corp increased its stake in Gravity by 5.4% during the 1st quarter. State Street Corp now owns 9,168 shares of the technology company's stock valued at $464,000 after buying an additional 473 shares during the period. Bank of America Corp DE increased its stake in Gravity by 2,105.0% during the 1st quarter. Bank of America Corp DE now owns 1,323 shares of the technology company's stock valued at $67,000 after buying an additional 1,263 shares during the period. Finally, UBS Group AG increased its stake in Gravity by 1,366.4% during the 3rd quarter. UBS Group AG now owns 1,657 shares of the technology company's stock valued at $78,000 after buying an additional 1,544 shares during the period. 9.92% of the stock is currently owned by institutional investors.
About Gravity
(
Get Free Report)
Gravity Co, Ltd. develops and publishes online and mobile games in South Korea, Taiwan, Thailand, and the United States. The company offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Prequel II. Its mobile games portfolio includes Ragnarok M: Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; and Paladog Tactics.
Read More
Before you consider Gravity, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gravity wasn't on the list.
While Gravity currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
