Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $26.57, but opened at $29.42. Gorilla Technology Group shares last traded at $28.91, with a volume of 1,405,693 shares.
Analyst Upgrades and Downgrades
Separately, Northland Securities boosted their target price on Gorilla Technology Group from $13.00 to $18.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd.
Read Our Latest Report on GRRR
Gorilla Technology Group Trading Up 0.7 %
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 has a 50-day moving average price of $17.15 and a 200-day moving average price of $8.63.
Institutional Trading of Gorilla Technology Group
Several institutional investors and hedge funds have recently made changes to their positions in GRRR. Anson Funds Management LP lifted its position in shares of Gorilla Technology Group by 3,360.4% in the fourth quarter. Anson Funds Management LP now owns 600,000 shares of the company's stock valued at $10,836,000 after acquiring an additional 582,661 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Gorilla Technology Group in the fourth quarter valued at $1,389,000. Toronto Dominion Bank purchased a new stake in shares of Gorilla Technology Group in the fourth quarter valued at $903,000. BNP Paribas Financial Markets purchased a new stake in shares of Gorilla Technology Group in the fourth quarter valued at $737,000. Finally, XTX Topco Ltd purchased a new stake in shares of Gorilla Technology Group in the fourth quarter valued at $426,000. 1.33% of the stock is currently owned by hedge funds and other institutional investors.
Gorilla Technology Group Company Profile
(
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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