Gorilla Technology Group (NASDAQ:GRRR) Sets New 1-Year High - Time to Buy?

Shares of Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $27.33 and last traded at $27.75, with a volume of 1330999 shares changing hands. The stock had previously closed at $24.20.

Analysts Set New Price Targets

Separately, Northland Securities raised their target price on shares of Gorilla Technology Group from $13.00 to $18.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd.

Gorilla Technology Group Stock Down 12.4 %

The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.72 and a current ratio of 1.72. The company has a 50 day moving average price of $15.51 and a 200 day moving average price of $7.99.

Hedge Funds Weigh In On Gorilla Technology Group

Several institutional investors and hedge funds have recently modified their holdings of GRRR. Anson Funds Management LP lifted its stake in shares of Gorilla Technology Group by 3,360.4% during the 4th quarter. Anson Funds Management LP now owns 600,000 shares of the company's stock worth $10,836,000 after buying an additional 582,661 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Gorilla Technology Group during the fourth quarter worth approximately $1,389,000. BNP Paribas Financial Markets bought a new stake in shares of Gorilla Technology Group during the fourth quarter worth approximately $737,000. XTX Topco Ltd acquired a new position in shares of Gorilla Technology Group in the fourth quarter valued at approximately $426,000. Finally, Centiva Capital LP bought a new position in shares of Gorilla Technology Group during the fourth quarter worth approximately $424,000. 1.33% of the stock is currently owned by institutional investors and hedge funds.

About Gorilla Technology Group

Gorilla Technology Group Inc provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata.