Somewhat Positive Media Coverage Somewhat Unlikely to Impact Gravity (GRVY) Share Price

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Press coverage about Gravity (NASDAQ:GRVY) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gravity earned a news impact score of 0.05 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 47.663287237325 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

A number of analysts have recently commented on the stock. ValuEngine upgraded shares of Gravity from a “hold” rating to a “buy” rating in a research note on Thursday, May 3rd. BidaskClub upgraded shares of Gravity from a “sell” rating to a “hold” rating in a research note on Tuesday, June 12th.

Shares of GRVY stock traded down $1.42 during trading hours on Friday, reaching $51.08. The company had a trading volume of 5,077 shares, compared to its average volume of 26,590. Gravity has a one year low of $16.55 and a one year high of $108.97. The firm has a market capitalization of $182.38 million, a PE ratio of 10.85 and a beta of 0.01.

Gravity shares are scheduled to split before the market opens on Monday, August 27th. The 2-1 split was announced on Friday, July 27th. The newly issued shares will be payable to shareholders after the closing bell on Friday, August 24th.

Gravity (NASDAQ:GRVY) last announced its quarterly earnings results on Friday, July 27th. The technology company reported $1.72 EPS for the quarter. Gravity had a net margin of 8.07% and a return on equity of 41.15%. The firm had revenue of $56.69 million during the quarter.

Gravity Company Profile

Gravity Co, Ltd. engages in the development and publishing of online games, software and other related services. It operates through the following business fields: Online Games Development Business, Game Publishing Business, Mobile Business, Multi Platform Business, One Source Multi Use Business and the Internet Protocol Television Business.

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