Gravity Co., LTD. (NASDAQ:GRVY) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $36.45 and traded as high as $30.92. Gravity shares last traded at $30.25, with a volume of 1,394 shares changing hands.
A number of equities analysts recently issued reports on GRVY shares. ValuEngine lowered shares of Gravity from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub lowered shares of Gravity from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 9th. Finally, TheStreet lowered shares of Gravity from a “b-” rating to a “c+” rating in a research report on Tuesday, August 20th.
The company’s 50-day moving average price is $36.20 and its two-hundred day moving average price is $55.95. The company has a market cap of $208.44 million, a P/E ratio of 4.28 and a beta of -1.88.
About Gravity (NASDAQ:GRVY)
Gravity Co, Ltd. develops, publishes, and distributes online games in South Korea, Japan, the United States, Canada, Taiwan, the Philippines, Thailand, Hong Kong, Macau, China, and internationally. It offers 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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