Gravity (NASDAQ:GRVY) Sees Strong Trading Volume

Gravity Co., Ltd. (NASDAQ:GRVY) saw an uptick in trading volume on Friday . 47,410 shares were traded during mid-day trading, an increase of 52% from the previous session’s volume of 31,250 shares.The stock last traded at $74.50 and had previously closed at $67.00.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Gravity from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th.

Gravity Trading Up 11.2 %

The company has a market cap of $517.91 million, a PE ratio of 5.18 and a beta of 0.92. The firm has a fifty day moving average of $70.77 and a two-hundred day moving average of $69.44.

Gravity (NASDAQ:GRVY) last announced its quarterly earnings results on Friday, April 12th. The technology company reported $2.35 earnings per share for the quarter. Gravity had a return on equity of 30.81% and a net margin of 18.22%. The firm had revenue of $110.31 million for the quarter.

Institutional Investors Weigh In On Gravity

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC increased its position in shares of Gravity by 29.5% during the first quarter. Acadian Asset Management LLC now owns 233,515 shares of the technology company’s stock valued at $17,689,000 after buying an additional 53,195 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Gravity by 6.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 23,809 shares of the technology company’s stock worth $1,643,000 after purchasing an additional 1,501 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Gravity by 41.1% during the first quarter. BNP Paribas Financial Markets now owns 15,802 shares of the technology company’s stock worth $1,199,000 after purchasing an additional 4,600 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Gravity during the third quarter worth about $900,000. Finally, DGS Capital Management LLC grew its holdings in shares of Gravity by 175.5% during the first quarter. DGS Capital Management LLC now owns 10,803 shares of the technology company’s stock worth $820,000 after purchasing an additional 6,882 shares in the last quarter. 9.92% of the stock is currently owned by institutional investors.

Gravity Company Profile

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.