Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $32.23, but opened at $30.16. Gorilla Technology Group shares last traded at $30.78, with a volume of 1,254,096 shares changing hands.
Analyst Ratings Changes
Separately, Northland Securities lifted their price objective on shares of Gorilla Technology Group from $13.00 to $18.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd.
Read Our Latest Research Report on GRRR
Gorilla Technology Group Stock Performance
The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08. The stock's fifty day moving average price is $20.90 and its 200-day moving average price is $10.73.
Institutional Trading of Gorilla Technology Group
A number of hedge funds and other institutional investors have recently made changes to their positions in GRRR. GSA Capital Partners LLP acquired a new stake in shares of Gorilla Technology Group in the third quarter valued at approximately $55,000. Transcendent Capital Group LLC acquired a new position in Gorilla Technology Group during the fourth quarter worth $72,000. Creative Financial Designs Inc. ADV acquired a new position in Gorilla Technology Group during the fourth quarter worth $135,000. Cetera Investment Advisers acquired a new position in Gorilla Technology Group during the fourth quarter worth $258,000. Finally, Stifel Financial Corp acquired a new position in Gorilla Technology Group during the fourth quarter worth $412,000. 1.33% of the stock is currently owned by institutional investors and hedge funds.
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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