The Glimpse Group, Inc. (NASDAQ:VRAR – Get Free Report)’s share price shot up 0.4% during mid-day trading on Tuesday . The company traded as high as $0.8399 and last traded at $0.7605. 100,188 shares traded hands during trading, a decline of 7% from the average daily volume of 107,255 shares. The stock had previously closed at $0.7578.
The Glimpse Group Stock Performance
The company’s 50-day moving average price is $0.71 and its 200 day moving average price is $0.75. The stock has a market cap of $16.03 million, a PE ratio of -4.22 and a beta of 1.21.
Institutional Trading of The Glimpse Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DNB Asset Management AS purchased a new position in shares of The Glimpse Group during the 3rd quarter worth $105,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of The Glimpse Group in the 4th quarter worth $56,000. Susquehanna International Group LLP increased its stake in shares of The Glimpse Group by 250.4% in the 3rd quarter. Susquehanna International Group LLP now owns 78,786 shares of the company’s stock worth $129,000 after purchasing an additional 56,303 shares in the last quarter. XTX Topco Ltd raised its holdings in The Glimpse Group by 232.9% in the 4th quarter. XTX Topco Ltd now owns 79,552 shares of the company’s stock worth $74,000 after purchasing an additional 55,652 shares during the period. Finally, Virtu Financial LLC bought a new position in The Glimpse Group in the 3rd quarter worth $36,000. 21.41% of the stock is owned by hedge funds and other institutional investors.
About The Glimpse Group
The Glimpse Group, Inc (NASDAQ: VRAR) is a publicly traded holding company focused on the development and deployment of augmented reality (AR) and virtual reality (VR) software and services. Headquartered in New York City, the company operates through a network of wholly owned subsidiaries that specialize in immersive content creation, proprietary platform development, and enterprise-grade XR (extended reality) solutions. Glimpse Group’s core mission is to accelerate adoption of digital reality technologies across business, education, healthcare, entertainment, and marketing sectors.
Through its portfolio companies, the Glimpse Group delivers end-to-end services that span strategy, design, development and deployment of AR/VR applications.
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