GRAVITY (NASDAQ:GRVY) Stock Passes Above 50-Day Moving Average - Time to Sell?

GRAVITY Co., Ltd. (NASDAQ:GRVY - Get Free Report)'s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $57.74 and traded as high as $63.52. GRAVITY shares last traded at $62.51, with a volume of 10,117 shares trading hands.Analyst Upgrades and DowngradesSeparately, Weiss Ratings reissued a "hold (c-)" rating on shares of GRAVITY in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold".Read Our Latest Research Report on GRAVITYGRAVITY Trading Down 0.6%The business has a 50-day moving average of $57.74 and a 200 day moving average of $61.03. The firm has a market capitalization of $434.44 million, a P/E ratio of 7.88 and a beta of 0.97. GRAVITY (NASDAQ:GRVY - Get Free Report) last announced its quarterly earnings results on Friday, November 7th. The technology company reported $2.04 earnings per share (EPS) for the quarter. The business had revenue of $98.92 million for the quarter. GRAVITY had a return on equity of 16.39% and a net margin of 16.84%.Institutional Trading of GRAVITYHedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of GRAVITY by 38.2% in the third quarter. GAMMA Investing LLC now owns 778 shares of the technology company's stock valued at $50,000 after buying an additional 215 shares in the last quarter. Bank of America Corp DE increased its position in shares of GRAVITY by 11.3% during the second quarter. Bank of America Corp DE now owns 2,782 shares of the technology company's stock worth $177,000 after acquiring an additional 282 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of GRAVITY by 160.9% in the 2nd quarter. Parallel Advisors LLC now owns 467 shares of the technology company's stock worth $30,000 after acquiring an additional 288 shares during the last quarter. Quadrant Capital Group LLC bought a new position in GRAVITY in the 3rd quarter valued at about $78,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in GRAVITY by 13.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,644 shares of the technology company's stock valued at $644,000 after purchasing an additional 1,248 shares during the last quarter. Institutional investors own 9.92% of the company's stock. About GRAVITY (Get Free Report)Gravity Co, Ltd is a South Korea–based developer and publisher of online games, best known for creating the Ragnarok franchise. Since its founding in 2000 by industry veteran Kim Sang-young, the company has specialized in massively multiplayer online role‐playing games (MMORPGs) and related digital content. Over the years, Gravity has expanded its portfolio beyond its flagship title to include sequels, spin-offs and mobile adaptations targeted at a global audience. The company's product lineup centers on PC and mobile MMORPGs built on the Ragnarok intellectual property.Recommended StoriesFive stocks we like better than GRAVITYElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietlyExecutive Order 14330: Trump’s Biggest YetIf You Keep Cash In A U.S. Bank Account… Read This NOWThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in GRAVITY Right Now?Before you consider GRAVITY, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GRAVITY wasn't on the list.While GRAVITY currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here