GRAVITY Co., Ltd. (GRVY) Releases Earnings Results

GRAVITY Co., Ltd. (NASDAQ:GRVY) released its earnings results on Wednesday. The technology company reported $0.90 EPS for the quarter, Morningstar.com reports. GRAVITY Co. had a return on equity of 10,078.94% and a net margin of 19.55%. The firm had revenue of $23.63 million during the quarter.

Shares of GRAVITY Co. (NASDAQ GRVY) traded up 3.42% on Thursday, reaching $18.15. The company’s stock had a trading volume of 33,460 shares. The company has a market capitalization of $63.05 million, a price-to-earnings ratio of 17.17 and a beta of -0.04. GRAVITY Co. has a 1-year low of $4.10 and a 1-year high of $39.00. The stock has a 50-day moving average price of $16.55 and a 200-day moving average price of $19.55.

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Separately, TheStreet raised GRAVITY Co. from a “d” rating to a “c+” rating in a report on Tuesday, May 23rd.

About GRAVITY Co.

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.