StockNews.com upgraded shares of Gravity (NASDAQ:GRVY - Free Report) from a hold rating to a buy rating in a report issued on Thursday.
Gravity Trading Down 1.1 %
Shares of NASDAQ:GRVY traded down $0.90 during trading on Thursday, reaching $80.50. 18,096 shares of the stock were exchanged, compared to its average volume of 33,993. Gravity has a 12 month low of $59.00 and a 12 month high of $88.85. The firm has a market cap of $559.48 million, a PE ratio of 6.08 and a beta of 1.20. The stock has a 50-day moving average price of $75.26 and a 200-day moving average price of $72.10.
Gravity (NASDAQ:GRVY - Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The technology company reported $2.87 earnings per share (EPS) for the quarter. Gravity had a return on equity of 46.65% and a net margin of 16.96%. The company had revenue of $119.78 million during the quarter.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in GRVY. O Shaughnessy Asset Management LLC grew its stake in shares of 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 last quarter. Quadrature Capital Ltd bought a new stake in shares of Gravity in the third quarter worth $900,000. DGS Capital Management LLC bought a new stake in shares of Gravity in the fourth quarter worth $273,000. New York State Common Retirement Fund grew its stake in shares of Gravity by 20.7% in the fourth quarter. New York State Common Retirement Fund now owns 2,637 shares of the technology company's stock worth $183,000 after purchasing an additional 453 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Gravity by 112.1% in the fourth quarter. BNP Paribas Financial Markets now owns 11,202 shares of the technology company's stock worth $779,000 after purchasing an additional 5,920 shares during the last quarter. 9.92% of the stock is currently owned by institutional investors and hedge funds.
Gravity Company Profile
(
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.
Further Reading
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