Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 4,621,366 shares changed hands during trading, an increase of 24% from the previous session's volume of 3,726,666 shares.The stock last traded at $42.49 and had previously closed at $38.10.
Analyst Ratings Changes
Separately, Northland Securities upped their price objective on Gorilla Technology Group from $13.00 to $18.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd.
Check Out Our Latest Research Report on GRRR
Gorilla Technology Group Trading Down 16.2 %
The firm has a 50 day moving average price of $20.90 and a two-hundred day moving average price of $10.79. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08.
Institutional Investors Weigh In On Gorilla Technology Group
Several large investors have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new stake in Gorilla Technology Group during the 3rd quarter worth $55,000. Transcendent Capital Group LLC acquired a new position in shares of Gorilla Technology Group during the fourth quarter worth about $72,000. SBI Securities Co. Ltd. purchased a new stake in shares of Gorilla Technology Group in the fourth quarter worth about $1,389,000. Commonwealth Equity Services LLC grew its stake in shares of Gorilla Technology Group by 41.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company's stock valued at $722,000 after buying an additional 11,663 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV purchased a new stake in shares of Gorilla Technology Group during the 4th quarter valued at about $135,000. Institutional investors and hedge funds 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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