Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) fell 1.5% on Wednesday . The stock traded as low as $16.01 and last traded at $16.73. 4,206,291 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 4,971,204 shares. The stock had previously closed at $16.98.
Analyst Upgrades and Downgrades
Separately, Northland Securities lifted their price target on Gorilla Technology Group from $9.00 to $13.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th.
View Our Latest Analysis on GRRR
Gorilla Technology Group Stock Down 1.5 %
The stock's 50-day moving average price is $9.29 and its 200 day moving average price is $5.38. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72.
Institutional Trading of Gorilla Technology Group
A number of hedge funds have recently bought and sold shares of the business. Highbridge Capital Management LLC acquired a new position in shares of Gorilla Technology Group during the 2nd quarter worth approximately $480,000. Vontobel Holding Ltd. purchased a new stake in Gorilla Technology Group in the 3rd quarter valued at $81,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Gorilla Technology Group in the 3rd quarter worth $55,000. 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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