Gravity: Quality Concerns Cap The Multiple (NASDAQ:GRVY)

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Close up of young Asian woman playing online smartphone video game and broadcast streaming live in neon lights living room at home.

Phiromya Intawongpan

Gravity Co., Ltd. (NASDAQ:GRVY) is a company that has a pretty well-known IP called Ragnarok, which has been around for years since before mobile gaming. The older versions of the property have some nostalgia pull, and those games are actually performing better