Gorilla Technology Group (NASDAQ:GRRR) Reaches New 52-Week High - Should You Buy?

Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $38.88 and last traded at $33.89, with a volume of 4017447 shares changing hands. The stock had previously closed at $30.28.

Analysts Set New Price Targets

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

Gorilla Technology Group Trading Down 19.1 %

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72. The company's 50 day simple moving average is $20.34 and its two-hundred day simple moving average is $10.39.

Institutional Trading of Gorilla Technology Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Transcendent Capital Group LLC acquired a new position in Gorilla Technology Group in the 4th quarter worth about $72,000. Creative Financial Designs Inc. ADV acquired a new stake in Gorilla Technology Group in the fourth quarter valued at approximately $135,000. GSA Capital Partners LLP acquired a new stake in Gorilla Technology Group in the third quarter valued at approximately $55,000. Cetera Investment Advisers bought a new stake in Gorilla Technology Group in the fourth quarter worth approximately $258,000. Finally, Stifel Financial Corp acquired a new position in shares of Gorilla Technology Group during the 4th quarter worth $412,000. 1.33% of the stock is currently owned by hedge funds and other institutional investors.

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Gorilla Technology Group Company Profile

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.