Shares of The Glimpse Group, Inc. (NASDAQ:VRAR – Get Free Report) dropped 3.5% during mid-day trading on Monday . The company traded as low as $0.9230 and last traded at $0.9345. Approximately 39,208 shares changed hands during trading, a decline of 63% from the average session volume of 107,255 shares. The stock had previously closed at $0.9687.
The Glimpse Group Trading Down 3.5%
The company has a 50 day moving average price of $0.86 and a 200 day moving average price of $0.72. The firm has a market cap of $19.70 million, a PE ratio of -5.19 and a beta of 1.21.
Hedge Funds Weigh In On The Glimpse Group
Hedge funds and other institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP purchased a new stake in shares of The Glimpse Group in the 2nd quarter worth about $192,000. Valeo Financial Advisors LLC acquired a new stake in The Glimpse Group in the 2nd quarter valued at about $62,000. Nano Cap New Millennium Growth Fund L P purchased a new position in The Glimpse Group during the 4th quarter valued at about $56,000. XTX Topco Ltd increased its holdings in The Glimpse Group by 232.9% during the 4th quarter. XTX Topco Ltd now owns 79,552 shares of the company’s stock valued at $74,000 after acquiring an additional 55,652 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in The Glimpse Group during the second quarter worth about $31,000. 21.41% of the stock is owned by institutional investors and hedge funds.
The Glimpse Group Company Profile
The Glimpse Group, Inc (NASDAQ: VRAR) is a publicly traded holding company focused on the development and deployment of augmented reality (AR) and virtual reality (VR) software and services. Headquartered in New York City, the company operates through a network of wholly owned subsidiaries that specialize in immersive content creation, proprietary platform development, and enterprise-grade XR (extended reality) solutions. Glimpse Group’s core mission is to accelerate adoption of digital reality technologies across business, education, healthcare, entertainment, and marketing sectors.
Through its portfolio companies, the Glimpse Group delivers end-to-end services that span strategy, design, development and deployment of AR/VR applications.
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