Somewhat Favorable Press Coverage Somewhat Unlikely to Affect GRAVITY Co. (NASDAQ:GRVY) Stock Price
News coverage about GRAVITY Co. (NASDAQ:GRVY) has been trending somewhat positive on Tuesday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. GRAVITY Co. earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.3620890832739 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Separately, TheStreet upgraded GRAVITY Co. from a “d” rating to a “c+” rating in a report on Tuesday, May 23rd.
Shares of GRAVITY Co. (NASDAQ GRVY) traded up 2.40% during midday trading on Tuesday, reaching $14.95. The company’s stock had a trading volume of 17,329 shares. GRAVITY Co. has a 52 week low of $4.10 and a 52 week high of $39.00. The firm has a market capitalization of $51.94 million, a price-to-earnings ratio of 14.14 and a beta of -0.04. The firm’s 50 day moving average is $16.66 and its 200 day moving average is $19.58.
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GRAVITY Co. Company Profile
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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