The Glimpse Group, Inc. (NASDAQ:VRAR – Get Free Report) shares rose 1.9% on Tuesday . The stock traded as high as $0.81 and last traded at $0.7998. Approximately 59,209 shares were traded during mid-day trading, a decline of 45% from the average session volume of 107,255 shares. The stock had previously closed at $0.7850.
The Glimpse Group Stock Performance
The company’s fifty day moving average price is $0.78 and its 200-day moving average price is $0.74. The stock has a market cap of $20.64 million, a P/E ratio of -5.44 and a beta of 1.21.
Hedge Funds Weigh In On The Glimpse Group
Several hedge funds have recently bought and sold shares of VRAR. Susquehanna International Group LLP lifted its position in shares of The Glimpse Group by 250.4% during the third quarter. Susquehanna International Group LLP now owns 78,786 shares of the company’s stock worth $129,000 after purchasing an additional 56,303 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in The Glimpse Group in the 2nd quarter worth about $62,000. XTX Topco Ltd lifted its holdings in The Glimpse Group by 232.9% during the 4th quarter. XTX Topco Ltd now owns 79,552 shares of the company’s stock valued at $74,000 after buying an additional 55,652 shares in the last quarter. Virtu Financial LLC purchased a new stake in The Glimpse Group in the 3rd quarter valued at about $36,000. Finally, FNY Investment Advisers LLC bought a new position in The Glimpse Group in the 2nd quarter worth about $31,000. Institutional investors own 21.41% of the company’s stock.
About The Glimpse Group
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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