Gogoro (NASDAQ:GGR) Receives Hold Rating from Benchmark

Gogoro (NASDAQ:GGR - Get Free Report)'s stock had its "hold" rating reissued by equities researchers at Benchmark in a research note issued to investors on Monday,Benzinga reports.

Separately, Citigroup reissued a "neutral" rating and issued a $0.50 target price (down previously from $2.30) on shares of Gogoro in a report on Friday.

Gogoro Stock Performance

NASDAQ:GGR remained flat at $0.48 during mid-day trading on Monday. 583,599 shares of the company were exchanged, compared to its average volume of 638,732. Gogoro has a 1 year low of $0.40 and a 1 year high of $2.78. The firm's fifty day moving average price is $0.60 and its 200 day moving average price is $1.14. The stock has a market cap of $140.51 million, a price-to-earnings ratio of -1.49 and a beta of 0.38. The company has a quick ratio of 1.19, a current ratio of 1.46 and a debt-to-equity ratio of 1.32.

Gogoro (NASDAQ:GGR - Get Free Report) last issued its earnings results on Thursday, August 15th. The company reported ($0.08) earnings per share for the quarter. Gogoro had a negative return on equity of 31.86% and a negative net margin of 24.00%. The company had revenue of $80.94 million for the quarter.

Hedge Funds Weigh In On Gogoro

A number of institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC grew its position in shares of Gogoro by 113.0% in the third quarter. Jane Street Group LLC now owns 89,216 shares of the company's stock valued at $47,000 after purchasing an additional 47,336 shares during the period. State Street Corp grew its position in shares of Gogoro by 105.3% during the third quarter. State Street Corp now owns 134,806 shares of the company's stock worth $71,000 after buying an additional 69,142 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Gogoro by 76.7% during the 2nd quarter. Renaissance Technologies LLC now owns 93,100 shares of the company's stock valued at $143,000 after acquiring an additional 40,400 shares during the last quarter. Finally, Senator Investment Group LP acquired a new position in Gogoro in the second quarter worth about $2,079,000. 15.87% of the stock is owned by institutional investors and hedge funds.

Gogoro Company Profile

Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.