Gravity Co., Ltd. (NASDAQ:GRVY - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 47,410 shares changed hands during trading, an increase of 52% from the previous session's volume of 31,250 shares.The stock last traded at $74.50 and had previously closed at $67.00.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Gravity from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 14th.
Check Out Our Latest Research Report on GRVY
Gravity Stock Up 11.2 %
The company has a market cap of $517.84 million, a P/E ratio of 4.66 and a beta of 0.92. The business has a fifty day moving average of $70.82 and a 200 day moving average of $69.37.
Gravity (NASDAQ:GRVY - Get Free Report) last posted its quarterly earnings data on Friday, April 12th. The technology company reported $2.35 earnings per share (EPS) for the quarter. The business had revenue of $110.31 million during the quarter. Gravity had a return on equity of 30.81% and a net margin of 18.22%.
Hedge Funds Weigh In On Gravity
A number of institutional investors have recently added to or reduced their stakes in GRVY. First Trust Direct Indexing L.P. bought a new position in Gravity in the third quarter worth $336,000. Jump Financial LLC purchased a new stake in shares of Gravity in the third quarter worth $228,000. New York State Common Retirement Fund raised its holdings in Gravity by 78.9% during the 3rd quarter. New York State Common Retirement Fund now owns 2,184 shares of the technology company's stock valued at $151,000 after buying an additional 963 shares during the period. Acadian Asset Management LLC raised its holdings in Gravity by 124.1% during the 3rd quarter. Acadian Asset Management LLC now owns 157,738 shares of the technology company's stock valued at $10,858,000 after buying an additional 87,354 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in Gravity by 6.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 23,809 shares of the technology company's stock worth $1,643,000 after purchasing an additional 1,501 shares during the period. 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 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.
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