The Glimpse Group (NASDAQ:VRAR) Trading 1.8% Higher

The Glimpse Group, Inc. (NASDAQ:VRAR) shot up 1.8% on Wednesday . The company traded as high as $1.02 and last traded at $1.00. 21,459 shares were traded during trading, a decline of 52% from the average session volume of 44,808 shares. The stock had previously closed at $0.98.

The Glimpse Group Price Performance

The company has a 50 day simple moving average of $1.10 and a 200-day simple moving average of $1.21. The stock has a market cap of $18.15 million, a P/E ratio of -0.66 and a beta of 2.05.

The Glimpse Group (NASDAQ:VRAR) last released its earnings results on Wednesday, May 15th. The company reported ($0.09) earnings per share for the quarter. The Glimpse Group had a negative return on equity of 154.35% and a negative net margin of 216.98%. The firm had revenue of $1.90 million during the quarter.

Institutional Investors Weigh In On The Glimpse Group

A number of institutional investors have recently made changes to their positions in VRAR. Vontobel Holding Ltd. lifted its stake in The Glimpse Group by 135.4% in the fourth quarter. Vontobel Holding Ltd. now owns 31,534 shares of the company’s stock worth $36,000 after purchasing an additional 18,136 shares during the last quarter. Simplicity Wealth LLC bought a new stake in shares of The Glimpse Group in the 1st quarter valued at about $51,000. Cross Staff Investments Inc boosted its holdings in The Glimpse Group by 800.0% during the 4th quarter. Cross Staff Investments Inc now owns 180,000 shares of the company’s stock valued at $203,000 after acquiring an additional 160,000 shares during the period. Finally, NorthRock Partners LLC grew its position in The Glimpse Group by 100.0% during the 1st quarter. NorthRock Partners LLC now owns 200,000 shares of the company’s stock worth $224,000 after acquiring an additional 100,000 shares during the last quarter. Hedge funds and other institutional investors 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.