Gravity Co., Ltd. (NASDAQ:GRVY)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $79.74 and last traded at $79.74, with a volume of 722 shares. The stock had previously closed at $84.41.
The firm has a 50 day simple moving average of $95.15. The company has a market cap of $574.82 million, a price-to-earnings ratio of 8.25 and a beta of -0.08.
Several institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC grew its stake in shares of Gravity by 132.1% in the second quarter. SG Americas Securities LLC now owns 36,898 shares of the technology company’s stock worth $3,997,000 after acquiring an additional 21,002 shares during the last quarter. Apis Capital Advisors LLC lifted its position in Gravity by 51.2% in the third quarter. Apis Capital Advisors LLC now owns 35,400 shares of the technology company’s stock worth $3,202,000 after purchasing an additional 11,989 shares during the period. Credit Suisse AG lifted its position in Gravity by 3.4% in the second quarter. Credit Suisse AG now owns 35,259 shares of the technology company’s stock worth $3,819,000 after purchasing an additional 1,160 shares during the period. Ronit Capital LLP lifted its position in Gravity by 41.1% in the second quarter. Ronit Capital LLP now owns 33,944 shares of the technology company’s stock worth $3,677,000 after purchasing an additional 9,879 shares during the period. Finally, Barclays PLC bought a new position in Gravity in the third quarter worth $2,808,000. Institutional investors and hedge funds own 9.18% of the company’s stock.
Gravity Co, Ltd. engages in the development and publishing of online games, software and other related services. It operates through the following business fields: Online Games Development Business, Game Publishing Business, Mobile Business, Multi Platform Business, One Source Multi Use Business and the Internet Protocol Television Business.
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