Gravity (NASDAQ:GRVY) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Wednesday.
Gravity (NASDAQ:GRVY) traded down $5.31 on Wednesday, reaching $88.45. The company’s stock had a trading volume of 33,074 shares, compared to its average volume of 42,140. The stock has a market cap of $341.53, a PE ratio of 39.14 and a beta of -0.11. Gravity has a 52 week low of $13.18 and a 52 week high of $108.97.
A number of institutional investors and hedge funds have recently bought and sold shares of GRVY. SG Americas Securities LLC purchased a new stake in Gravity in the 3rd quarter valued at about $581,000. Advisor Group Inc. purchased a new stake in Gravity in the 4th quarter valued at about $208,000. Dorsey Wright & Associates purchased a new stake in Gravity in the 4th quarter valued at about $8,679,000. Millennium Management LLC purchased a new stake in Gravity in the 4th quarter valued at about $319,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Gravity in the 4th quarter valued at about $177,000. Institutional investors own 14.04% of the company’s stock.
Gravity 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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