Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $26.93, but opened at $27.76. Gorilla Technology Group shares last traded at $27.59, with a volume of 341,324 shares traded.
Analyst Upgrades and Downgrades
Separately, Northland Securities increased their price target on shares of Gorilla Technology Group from $13.00 to $18.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd.
Check Out Our Latest Research Report on Gorilla Technology Group
Gorilla Technology Group Stock Performance
The company's fifty day moving average is $22.56 and its two-hundred day moving average is $12.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72.
Hedge Funds Weigh In On Gorilla Technology Group
Several hedge funds and other institutional investors have recently bought and sold shares of GRRR. GSA Capital Partners LLP acquired a new stake in shares of Gorilla Technology Group during the 3rd quarter worth approximately $55,000. Transcendent Capital Group LLC acquired a new stake in shares of Gorilla Technology Group during the 4th quarter worth approximately $72,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Gorilla Technology Group during the 4th quarter worth approximately $135,000. Cetera Investment Advisers acquired a new stake in shares of Gorilla Technology Group during the 4th quarter worth approximately $258,000. Finally, Stifel Financial Corp acquired a new stake in shares of Gorilla Technology Group during the 4th quarter worth approximately $412,000. 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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