Gravity Co., Ltd. (NASDAQ:GRVY – Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $69.30 and traded as low as $65.03. Gravity shares last traded at $66.13, with a volume of 36,108 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Gravity from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th.
View Our Latest Research Report on GRVY
Gravity Stock Up 2.1 %
Gravity (NASDAQ:GRVY – Get Free Report) last issued its quarterly earnings data on Friday, April 12th. The technology company reported $2.35 earnings per share (EPS) for the quarter. The company had revenue of $110.31 million for the quarter. Gravity had a return on equity of 30.81% and a net margin of 18.22%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its stake in shares of Gravity by 124.1% during the third quarter. Acadian Asset Management LLC now owns 157,738 shares of the technology company’s stock valued at $10,858,000 after purchasing an additional 87,354 shares during the period. First Trust Direct Indexing L.P. purchased a new position in Gravity during the 3rd quarter valued at about $336,000. Quadrature Capital Ltd bought a new position in Gravity during the 3rd quarter valued at approximately $900,000. O Shaughnessy Asset Management LLC lifted its holdings in Gravity by 6.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 23,809 shares of the technology company’s stock worth $1,643,000 after buying an additional 1,501 shares during the period. Finally, Jump Financial LLC bought a new stake in shares of Gravity in the 3rd quarter worth approximately $228,000. 9.92% of the stock is owned by hedge funds and other institutional investors.
About Gravity
Gravity Co, Ltd. develops and publishes online and mobile games in South Korea, Taiwan, Thailand, and the United States. The company offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Prequel II. Its mobile games portfolio includes Ragnarok M: Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; and Paladog Tactics.
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