Gorilla Technology Group (NASDAQ:GRRR - Free Report) had its target price hoisted by Northland Securities from $13.00 to $18.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.
Gorilla Technology Group Stock Performance
Shares of GRRR traded up $0.63 during mid-day trading on Wednesday, reaching $15.37. The company had a trading volume of 2,019,662 shares, compared to its average volume of 4,050,365. 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 firm has a 50-day moving average price of $10.83 and a 200 day moving average price of $6.03. Gorilla Technology Group has a 52 week low of $2.09 and a 52 week high of $25.88.
Hedge Funds Weigh In On Gorilla Technology Group
A hedge fund recently bought a new stake in Gorilla Technology Group stock. GSA Capital Partners LLP purchased a new stake in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,914 shares of the company's stock, valued at approximately $55,000. GSA Capital Partners LLP owned 0.14% of Gorilla Technology Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.33% of the company's stock.
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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