Shares of The Glimpse Group, Inc. (NASDAQ:VRAR – Get Free Report) shot up 0.4% during mid-day trading on Tuesday . The company traded as high as $0.8399 and last traded at $0.7605. Approximately 100,188 shares were traded during mid-day 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 Price Performance
The company has a fifty day moving average of $0.71 and a 200 day moving average of $0.75. The stock has a market cap of $17.70 million, a P/E ratio of -4.67 and a beta of 1.21.
Institutional Investors Weigh In On The Glimpse Group
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in The Glimpse Group during the 3rd quarter worth about $36,000. Susquehanna International Group LLP boosted its holdings in shares of The Glimpse Group by 250.4% during the third 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 during the period. XTX Topco Ltd grew its stake in The Glimpse Group by 232.9% in the fourth quarter. XTX Topco Ltd now owns 79,552 shares of the company’s stock valued at $74,000 after purchasing an additional 55,652 shares in the last quarter. Nano Cap New Millennium Growth Fund L P bought a new position in shares of The Glimpse Group during the 4th quarter valued at $56,000. Finally, DNB Asset Management AS acquired a new stake in The Glimpse Group in the 3rd quarter worth approximately $105,000. 21.41% of the stock is owned by institutional investors and hedge funds.
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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