Gravity Co., Ltd. (NASDAQ:GRVY - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $62.46 and traded as low as $55.49. Gravity shares last traded at $56.50, with a volume of 12,770 shares.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Gravity from a "hold" rating to a "buy" rating in a report on Thursday, November 14th.
Read Our Latest Report on GRVY
Gravity Stock Down 1.1 %
The firm has a market capitalization of $376.64 million, a PE ratio of 6.04 and a beta of 1.29. The stock has a 50-day moving average price of $60.68 and a 200 day moving average price of $62.39.
Institutional Trading of Gravity
A number of institutional investors and hedge funds have recently modified their holdings of GRVY. Ranmore Fund Management Ltd acquired a new stake in Gravity in the 4th quarter worth about $5,664,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Gravity by 13.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 66,989 shares of the technology company's stock valued at $4,228,000 after acquiring an additional 8,014 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in shares of Gravity in the third quarter worth approximately $2,977,000. BNP Paribas Financial Markets increased its position in shares of Gravity by 12.6% during the third quarter. BNP Paribas Financial Markets now owns 27,137 shares of the technology company's stock worth $1,609,000 after purchasing an additional 3,030 shares in the last quarter. Finally, Apis Capital Advisors LLC raised its stake in Gravity by 7.5% in the 4th quarter. Apis Capital Advisors LLC now owns 20,000 shares of the technology company's stock valued at $1,262,000 after purchasing an additional 1,400 shares during the last quarter. Hedge funds and other 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.
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