Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $29.48, but opened at $27.20. Gorilla Technology Group shares last traded at $28.23, with a volume of 831,590 shares traded.
Analysts Set New Price Targets
Separately, Northland Securities upped their price objective on shares of Gorilla Technology Group from $13.00 to $18.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd.
Check Out Our Latest Analysis on Gorilla Technology Group
Gorilla Technology Group Trading Up 6.3 %
The stock's 50 day simple moving average is $22.56 and its two-hundred day simple moving average is $12.48. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.72 and a current ratio of 1.72.
Institutional Investors Weigh In On Gorilla Technology Group
Institutional investors have recently added to or reduced their stakes in the company. Anson Funds Management LP raised its holdings in shares of Gorilla Technology Group by 3,360.4% in the 4th quarter. Anson Funds Management LP now owns 600,000 shares of the company's stock worth $10,836,000 after purchasing an additional 582,661 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Gorilla Technology Group in the 4th quarter valued at $1,389,000. Toronto Dominion Bank acquired a new position in shares of Gorilla Technology Group during the 4th quarter valued at $903,000. BNP Paribas Financial Markets purchased a new stake in Gorilla Technology Group during the 4th quarter worth $737,000. Finally, XTX Topco Ltd purchased a new position in Gorilla Technology Group in the fourth quarter valued at about $426,000. Hedge funds and other institutional investors own 1.33% of the company's stock.
About Gorilla Technology Group
(
Get Free Report)
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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