BidaskClub upgraded shares of Gravity (NASDAQ:GRVY) from a buy rating to a strong-buy rating in a research note published on Wednesday, December 27th.
Gravity (NASDAQ:GRVY) traded down $0.71 during midday trading on Wednesday, reaching $95.59. The company had a trading volume of 51,800 shares, compared to its average volume of 50,843. Gravity has a 52 week low of $10.67 and a 52 week high of $99.00. The company has a market cap of $332.69, a P/E ratio of 40.00 and a beta of 0.23.
Several institutional investors have recently added to or reduced their stakes in GRVY. Navellier & Associates Inc bought a new stake in shares of Gravity during the 2nd quarter valued at about $230,000. SG Americas Securities LLC bought a new stake in shares of Gravity during the 3rd quarter valued at about $581,000. Finally, Alpine Global Management LLC bought a new stake in shares of Gravity during the 2nd quarter valued at about $852,000. Institutional investors and hedge funds own 7.34% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “BidaskClub Upgrades Gravity (NASDAQ:GRVY) to “Strong-Buy”” was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://stocknewstimes.com/2018/01/11/gravity-grvy-upgraded-to-strong-buy-at-bidaskclub.html.
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.
Receive News & Ratings for Gravity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gravity and related companies with MarketBeat.com's FREE daily email newsletter.