Shares of Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $26.99, but opened at $30.00. Gorilla Technology Group shares last traded at $28.44, with a volume of 1,201,683 shares.
Wall Street Analyst Weigh In
Separately, Northland Securities lifted 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.
View Our Latest Report on Gorilla Technology Group
Gorilla Technology Group Price Performance
The stock has a 50 day simple moving average of $21.31 and a two-hundred day simple moving average of $11.29. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08.
Institutional Trading of Gorilla Technology Group
Several institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in Gorilla Technology Group in the fourth quarter valued at $1,389,000. Transcendent Capital Group LLC acquired a new position in Gorilla Technology Group in the 4th quarter valued at about $72,000. GSA Capital Partners LLP purchased a new stake in Gorilla Technology Group during the 3rd quarter valued at approximately $55,000. Cetera Investment Advisers acquired a new stake in Gorilla Technology Group during the 4th quarter worth approximately $258,000. Finally, Toronto Dominion Bank purchased a new position in shares of Gorilla Technology Group in the 4th quarter valued at approximately $903,000. Hedge funds and other institutional investors 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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