The Glimpse Group (NASDAQ:VRAR) Stock Price Down 2.5% – Here’s Why

The Glimpse Group, Inc. (NASDAQ:VRAR)’s stock price fell 2.5% during mid-day trading on Wednesday . The company traded as low as $0.64 and last traded at $0.66. 26,170 shares changed hands during trading, a decline of 55% from the average session volume of 58,454 shares. The stock had previously closed at $0.68.

The Glimpse Group Stock Down 2.5 %

The firm’s 50-day simple moving average is $0.81 and its 200 day simple moving average is $0.98. The stock has a market capitalization of $11.98 million, a P/E ratio of -1.74 and a beta of 2.03.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Glimpse Group stock. NorthRock Partners LLC boosted its stake in shares of The Glimpse Group, Inc. (NASDAQ:VRAR) by 100.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,000 shares of the company’s stock after buying an additional 100,000 shares during the period. NorthRock Partners LLC owned about 1.19% of The Glimpse Group worth $224,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 21.41% of the company’s stock.

The Glimpse Group Company Profile

The Glimpse Group, Inc, a virtual reality (VR) and augmented reality (AR) platform company, provides enterprise-focused software, services, and solutions in the United States. It offers QReal, a software that creates and distributes photorealistic 3D interactive digital models and experiences in AR; Immersive Health Group, a VR/AR platform for evidence-based and outcome driven healthcare solutions; and Foretell Reality, a social VR platform for behavioral health, support groups, collaboration, and soft skills training.