Gravity Co., Ltd. (NASDAQ:GRVY - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $70.18 and traded as low as $62.18. Gravity shares last traded at $62.61, with a volume of 11,906 shares.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of Gravity from a "buy" rating to a "hold" rating in a research note on Friday, August 16th.
Read Our Latest Stock Analysis on Gravity
Gravity Stock Performance
The company has a market capitalization of $435.14 million, a price-to-earnings ratio of 6.51 and a beta of 1.35. The business has a 50-day simple moving average of $61.47 and a two-hundred day simple moving average of $70.18.
Gravity (NASDAQ:GRVY - Get Free Report) last posted its quarterly earnings data on Friday, August 9th. The technology company reported $1.31 earnings per share for the quarter. The firm had revenue of $89.33 million for the quarter. Gravity had a net margin of 14.87% and a return on equity of 37.85%.
Hedge Funds Weigh In On Gravity
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its stake in shares of Gravity by 29.5% in the first quarter. Acadian Asset Management LLC now owns 233,515 shares of the technology company's stock valued at $17,689,000 after purchasing an additional 53,195 shares during the period. Apis Capital Advisors LLC grew its holdings in shares of Gravity by 88.9% in the 2nd quarter. Apis Capital Advisors LLC now owns 17,000 shares of the technology company's stock worth $1,373,000 after acquiring an additional 8,000 shares during the period. Caprock Group LLC purchased a new position in Gravity in the 2nd quarter valued at approximately $394,000. BNP Paribas Financial Markets raised its holdings in Gravity by 41.1% during the first quarter. BNP Paribas Financial Markets now owns 15,802 shares of the technology company's stock worth $1,199,000 after purchasing an additional 4,600 shares during the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in Gravity during the second quarter worth $209,000. Institutional investors and hedge funds own 9.92% of the company's stock.
Gravity Company Profile
(
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.
Further Reading
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