Advisor Group Inc. purchased a new stake in shares of Gravity Co., LTD. (NASDAQ:GRVY) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,200 shares of the technology company’s stock, valued at approximately $208,000.
Separately, SG Americas Securities LLC purchased a new position in Gravity during the 3rd quarter valued at approximately $581,000. 14.04% of the stock is owned by hedge funds and other institutional investors.
Separately, BidaskClub upgraded Gravity from a “hold” rating to a “buy” rating in a report on Tuesday, March 6th.
NASDAQ GRVY opened at $76.98 on Friday. The company has a market cap of $277.75, a price-to-earnings ratio of 35.38 and a beta of 0.05. Gravity Co., LTD. has a 1-year low of $13.18 and a 1-year high of $108.97.
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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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