Shares of GRAVITY Co., Ltd. (NASDAQ:GRVY – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $63.33 and traded as low as $61.44. GRAVITY shares last traded at $61.95, with a volume of 21,647 shares changing hands.
GRAVITY Trading Up 0.6%
The stock has a fifty day moving average price of $62.73 and a 200-day moving average price of $63.33. The firm has a market capitalization of $430.55 million, a price-to-earnings ratio of 8.49 and a beta of 1.01.
Institutional Trading of GRAVITY
A number of large investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in shares of GRAVITY by 126.4% during the second quarter. GAMMA Investing LLC now owns 4,252 shares of the technology company’s stock valued at $286,000 after acquiring an additional 2,374 shares during the period. Royal Bank of Canada boosted its stake in shares of GRAVITY by 231.6% in the 1st quarter. Royal Bank of Canada now owns 2,709 shares of the technology company’s stock valued at $168,000 after purchasing an additional 1,892 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of GRAVITY in the 1st quarter worth about $229,000. Militia Capital Management LLC bought a new stake in shares of GRAVITY in the 1st quarter worth about $3,829,000. Finally, Sandia Investment Management LP bought a new stake in shares of GRAVITY in the 4th quarter worth about $142,000. 9.92% of the stock is currently owned by institutional investors.
GRAVITY Company Profile
Gravity Co, Ltd is a South Korea–based developer and publisher of online games, best known for creating the Ragnarok franchise. Since its founding in 2000 by industry veteran Kim Sang-young, the company has specialized in massively multiplayer online role‐playing games (MMORPGs) and related digital content. Over the years, Gravity has expanded its portfolio beyond its flagship title to include sequels, spin-offs and mobile adaptations targeted at a global audience.
The company’s product lineup centers on PC and mobile MMORPGs built on the Ragnarok intellectual property.
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