GRAVITY (NASDAQ:GRVY – Get Free Report) posted its quarterly earnings results on Friday. The technology company reported $2.26 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $104.47 million during the quarter. GRAVITY had a net margin of 12.63% and a return on equity of 11.44%.
GRAVITY Trading Up 11.4%
NASDAQ GRVY traded up $6.99 on Friday, hitting $68.12. 247,266 shares of the company’s stock traded hands, compared to its average volume of 27,378. The firm’s 50-day moving average price is $62.72 and its two-hundred day moving average price is $63.36. GRAVITY has a 1-year low of $54.54 and a 1-year high of $74.75. The firm has a market capitalization of $473.43 million, a PE ratio of 9.33 and a beta of 1.03.
Institutional Trading of GRAVITY
A number of hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of GRAVITY by 19,866.7% in the fourth quarter. Farther Finance Advisors LLC now owns 599 shares of the technology company’s stock valued at $35,000 after buying an additional 596 shares in the last quarter. Royal Bank of Canada increased its holdings in GRAVITY by 133.4% in the 4th quarter. Royal Bank of Canada now owns 817 shares of the technology company’s stock worth $47,000 after acquiring an additional 467 shares in the last quarter. Signaturefd LLC raised its position in GRAVITY by 63.4% during the fourth quarter. Signaturefd LLC now owns 959 shares of the technology company’s stock worth $55,000 after acquiring an additional 372 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in GRAVITY during the fourth quarter worth $62,000. Finally, Quadrant Capital Group LLC purchased a new position in GRAVITY during the third quarter valued at $78,000. 9.92% of the stock is owned by hedge funds and other institutional investors.
About GRAVITY
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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