GRAVITY Co., Ltd. (NASDAQ:GRVY – Get Free Report)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $63.04 and traded as high as $64.00. GRAVITY shares last traded at $62.44, with a volume of 23,056 shares.
GRAVITY Stock Down 0.7%
The business’s fifty day moving average is $62.97 and its 200-day moving average is $63.06. The company has a market cap of $430.70 million, a PE ratio of 8.49 and a beta of 1.01.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC increased its stake in shares of GRAVITY by 19,866.7% in the 4th quarter. Farther Finance Advisors LLC now owns 599 shares of the technology company’s stock worth $35,000 after purchasing an additional 596 shares in the last quarter. Royal Bank of Canada raised its holdings in GRAVITY by 133.4% in the 4th quarter. Royal Bank of Canada now owns 817 shares of the technology company’s stock worth $47,000 after purchasing an additional 467 shares during the period. Signaturefd LLC lifted its position in GRAVITY by 63.4% during the fourth quarter. Signaturefd LLC now owns 959 shares of the technology company’s stock valued at $55,000 after purchasing an additional 372 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in GRAVITY during the fourth quarter valued at about $62,000. Finally, Quadrant Capital Group LLC bought a new stake in GRAVITY during the third quarter valued at about $78,000. Hedge funds and other institutional investors own 9.92% of the company’s stock.
About GRAVITY
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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