Gravity Co., Ltd. (NASDAQ:GRVY - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $61.84 and traded as low as $57.12. Gravity shares last traded at $58.38, with a volume of 49,797 shares traded.
Gravity Price Performance
The firm's 50 day simple moving average is $59.15 and its two-hundred day simple moving average is $61.76. The firm has a market capitalization of $404.22 million, a P/E ratio of 6.48 and a beta of 1.46.
Institutional Investors Weigh In On Gravity
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC lifted its position in Gravity by 111.5% in the fourth quarter. Signaturefd LLC now owns 423 shares of the technology company's stock valued at $27,000 after purchasing an additional 223 shares during the last quarter. GAMMA Investing LLC raised its holdings in Gravity by 162.4% during the 4th quarter. GAMMA Investing LLC now owns 690 shares of the technology company's stock valued at $44,000 after buying an additional 427 shares during the last quarter. R Squared Ltd purchased a new stake in Gravity during the 4th quarter valued at $52,000. WealthCollab LLC grew its holdings 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 acquiring an additional 468 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Gravity in the third quarter valued at about $117,000. 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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