GRAVITY (NASDAQ:GRVY) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

GRAVITY Co., Ltd. (NASDAQ:GRVYGet Free Report)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $63.33 and traded as low as $61.44. GRAVITY shares last traded at $61.95, with a volume of 21,647 shares.

GRAVITY Stock Up 0.6%

The company has a market cap of $430.55 million, a price-to-earnings ratio of 8.49 and a beta of 1.01. The company’s fifty day moving average price is $62.73 and its two-hundred day moving average price is $63.33.

Institutional Investors Weigh In On GRAVITY

Large investors have recently bought and sold shares of the business. Militia Capital Management LLC bought a new position in GRAVITY in the 1st quarter valued at $3,829,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of GRAVITY in the fourth quarter valued at $1,476,000. Militia Capital Partners LP raised its holdings in shares of GRAVITY by 1.3% in the fourth quarter. Militia Capital Partners LP now owns 58,737 shares of the technology company’s stock valued at $3,399,000 after buying an additional 737 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of GRAVITY in the fourth quarter valued at about $62,000. Finally, Quadrant Capital Group LLC lifted its position in GRAVITY by 49.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,822 shares of the technology company’s stock worth $105,000 after buying an additional 603 shares in the last quarter. 9.92% of the stock is currently owned by institutional investors.

GRAVITY Company Profile

(Get Free Report)

Gravity Co, Ltd is a South Korea–based developer and publisher of online games, best known for creating the Ragnarok franchise. Since its founding in 2000 by industry veteran Kim Sang-young, the company has specialized in massively multiplayer online role‐playing games (MMORPGs) and related digital content. Over the years, Gravity has expanded its portfolio beyond its flagship title to include sequels, spin-offs and mobile adaptations targeted at a global audience.

The company’s product lineup centers on PC and mobile MMORPGs built on the Ragnarok intellectual property.

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