GRAVITY Co., Ltd. (NASDAQ:GRVY) Issues Earnings Results
GRAVITY Co., Ltd. (NASDAQ:GRVY) released its quarterly earnings results on Wednesday. The technology company reported $0.90 earnings per share (EPS) for the quarter, Morningstar.com reports. The firm had revenue of $23.63 million for the quarter. GRAVITY Co. had a return on equity of 10,078.94% and a net margin of 19.55%.
Shares of GRAVITY Co. (NASDAQ GRVY) traded up 3.42% on Thursday, hitting $18.15. The company’s stock had a trading volume of 33,460 shares. The firm has a market cap of $63.05 million, a PE ratio of 17.17 and a beta of -0.04. The company has a 50 day moving average of $16.55 and a 200 day moving average of $19.55. GRAVITY Co. has a 1-year low of $4.10 and a 1-year high of $39.00.
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Separately, TheStreet upgraded GRAVITY Co. from a “d” rating to a “c+” rating in a research note on Tuesday, May 23rd.
GRAVITY Co. Company Profile
Gravity Co, Ltd. is a developer, distributor and publisher of online games in Japan and Taiwan. The Company’s segments include online games, mobile games and other. Its principal product includes Ragnarok Online, which is a multiplayer online role playing game. It categorizes products into over three categories, such as online games; mobile games and applications, and other games and game-related products and services, including character-based merchandise and animation.
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