Gravity (GRVY) Lowered to “Buy” at BidaskClub

BidaskClub cut shares of Gravity (NASDAQ:GRVY) from a strong-buy rating to a buy rating in a report published on Saturday morning.

Shares of Gravity (GRVY) opened at $93.06 on Friday. Gravity has a twelve month low of $10.92 and a twelve month high of $99.00. The company has a market cap of $323.29, a PE ratio of 41.18 and a beta of 0.36.

Gravity (NASDAQ:GRVY) last posted its quarterly earnings results on Monday, October 30th. The technology company reported $0.68 EPS for the quarter. Gravity had a net margin of 9.78% and a return on equity of 26.08%.

Large investors have recently bought and sold shares of the company. Navellier & Associates Inc bought a new stake in shares of Gravity in the 2nd quarter valued at about $230,000. SG Americas Securities LLC bought a new stake in shares of Gravity in the 3rd quarter valued at about $581,000. Finally, Alpine Global Management LLC bought a new stake in shares of Gravity in the 2nd quarter valued at about $852,000. Institutional investors and hedge funds own 7.34% of the company’s stock.

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About Gravity

Gravity Co, Ltd. is a developer, distributor and publisher of online games in Japan and Taiwan. The Company’s segments include online games, mobile games and other. Its principal product includes Ragnarok Online, which is a multiplayer online role playing game. It categorizes products into over three categories, such as online games; mobile games and applications, and other games and game-related products and services, including character-based merchandise and animation.

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