The Glimpse Group (NASDAQ:VRAR) Shares Down 2.5% – What’s Next?

The Glimpse Group, Inc. (NASDAQ:VRAR) shares traded down 2.5% 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 has a market capitalization of $11.98 million, a price-to-earnings ratio of -1.74 and a beta of 2.03. The company has a 50-day moving average price of $0.81 and a 200-day moving average price of $0.98.

Institutional Investors Weigh In On The Glimpse Group

A hedge fund recently raised its stake in The Glimpse Group stock. NorthRock Partners LLC grew its stake in shares of The Glimpse Group, Inc. (NASDAQ:VRAR) by 100.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the company’s stock after buying an additional 100,000 shares during the quarter. NorthRock Partners LLC owned about 1.19% of The Glimpse Group worth $224,000 as of its most recent filing with the Securities and Exchange Commission. 21.41% of the stock is currently owned by institutional investors.

About The Glimpse Group

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.