Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $30.34, but opened at $29.35. Gorilla Technology Group shares last traded at $27.86, with a volume of 1,254,403 shares traded.
Analysts Set New Price Targets
Separately, Northland Securities lifted their price target on shares of Gorilla Technology Group from $13.00 to $18.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd.
Get Our Latest Stock Report on Gorilla Technology Group
Gorilla Technology Group Price Performance
The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08. The stock's 50-day simple moving average is $16.71 and its two-hundred day simple moving average is $8.48.
Hedge Funds Weigh In On Gorilla Technology Group
Several large investors have recently made changes to their positions in GRRR. Toronto Dominion Bank acquired a new stake in Gorilla Technology Group in the 4th quarter valued at approximately $903,000. Cetera Investment Advisers acquired a new stake in shares of Gorilla Technology Group in the fourth quarter worth $258,000. Centiva Capital LP bought a new position in Gorilla Technology Group during the fourth quarter worth $424,000. BNP Paribas Financial Markets acquired a new position in Gorilla Technology Group during the 4th quarter valued at $737,000. Finally, Anson Funds Management LP boosted its holdings in 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 valued at $10,836,000 after purchasing an additional 582,661 shares during the period. 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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