Zacks Investment Research Lowers Gree Inc (NASDAQ:GREZF) to Hold

Zacks Investment Research cut shares of Gree Inc (NASDAQ:GREZF) from a buy rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “Gree, Inc. operates as a social network service. The company’s business consists of Games, Commerce and Lifestyle, Community and Media, Advertising and Online Video as well as Investment. Gree, Inc. is headquartered in Tokyo, Japan. “

Gree (NASDAQ GREZF) remained flat at $9.09 on Wednesday. Gree has a one year low of $5.25 and a one year high of $9.09. The company’s 50-day moving average is $8.28 and its 200 day moving average is $6.25. The stock has a market cap of $2.14 billion and a P/E ratio of 14.71.

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