Gorilla Technology Group (NASDAQ:GRRR - Free Report) had its target price upped by Northland Securities from $9.00 to $13.00 in a research report report published on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.
Gorilla Technology Group Price Performance
Shares of NASDAQ GRRR traded up $1.33 during mid-day trading on Monday, hitting $7.91. 5,824,771 shares of the stock traded hands, compared to its average volume of 537,605. Gorilla Technology Group has a twelve month low of $2.09 and a twelve month high of $13.00. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08. The firm has a 50 day simple moving average of $4.61 and a two-hundred day simple moving average of $3.80.
Institutional Trading of Gorilla Technology Group
Several hedge funds and other institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in Gorilla Technology Group in the 3rd quarter valued at approximately $55,000. Vontobel Holding Ltd. bought a new stake in Gorilla Technology Group during the 3rd quarter worth approximately $81,000. Finally, Highbridge Capital Management LLC acquired a new position in Gorilla Technology Group in the 2nd quarter valued at approximately $480,000. 1.33% of the stock is currently owned by institutional investors.
About Gorilla Technology Group
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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.
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