The Glimpse Group (NASDAQ:VRAR) Trading 0.4% Higher – Time to Buy?

The Glimpse Group, Inc. (NASDAQ:VRARGet Free Report) shares rose 0.4% during trading on Tuesday . The company traded as high as $0.8399 and last traded at $0.7605. 100,188 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 107,255 shares. The stock had previously closed at $0.7578.

The Glimpse Group Stock Performance

The stock has a market capitalization of $16.03 million, a PE ratio of -4.22 and a beta of 1.21. The stock has a 50-day moving average price of $0.71 and a two-hundred day moving average price of $0.75.

Hedge Funds Weigh In On The Glimpse Group

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in The Glimpse Group during the third quarter valued at approximately $36,000. GSA Capital Partners LLP raised its position in shares of The Glimpse Group by 78.4% during the 3rd quarter. GSA Capital Partners LLP now owns 26,683 shares of the company’s stock valued at $44,000 after purchasing an additional 11,727 shares during the period. XTX Topco Ltd bought a new stake in shares of The Glimpse Group during the 2nd quarter valued at $46,000. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of The Glimpse Group during the 4th quarter valued at $56,000. Finally, DNB Asset Management AS purchased a new position in shares of The Glimpse Group during the 3rd quarter valued at $105,000. Hedge funds and other institutional investors own 21.41% of the company’s stock.

About The Glimpse Group

(Get Free Report)

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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