Gravity Co. Ltd. – Nasdaq: GRVY
South Korean-based Gravity Co. Ltd shares are up over 30% today and up over 150% for the quarter. The shares, traded on the Nasdaq under ticker GRVY, had traded under $5 for most of 2016 but hit an intra-day high of $19.51 in today’s trading.
Gravity Co. Ltd. is widely known for its development of the internationally acclaimed
Ragnarok Online, and is also developing and servicing a full lineup of next-generation game titles including the sequel Ragnarok Online II, Requiem. Also, Gravity Co. Ltd is developing its publishing business by providing a wide variety of renowned game titles to our users based on the company’s global network.
GRVY shares have not been helped by declining sales. In 2011 and 2012 reported sales were close to $49 million. However, in 2015 sales were just $30.3 million. 2015 EPS for GRVY were the best in the past three years although still a loss – $4.15. No firms follow or rate GRVY shares.
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.
|Last Price a/o 3:12 PM EST||$ 17.93|
|Market Cap||$45.8 million|
|Shares Outstanding||3.37 million|
|Share Float||1.41 million|
|Short Interest Ratio||0.17|