Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report)'s stock price was up 11.9% during trading on Friday . The company traded as high as $28.70 and last traded at $28.99. Approximately 1,586,423 shares were traded during trading, a decline of 61% from the average daily volume of 4,020,121 shares. The stock had previously closed at $25.91.
Analyst Ratings Changes
Separately, Northland Securities increased their target price on Gorilla Technology Group from $13.00 to $18.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd.
Get Our Latest Analysis on GRRR
Gorilla Technology Group Stock Performance
The business has a 50 day simple moving average of $21.94 and a two-hundred day simple moving average of $12.08. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new position in shares of Gorilla Technology Group in the 3rd quarter worth $55,000. Transcendent Capital Group LLC purchased a new position in shares of Gorilla Technology Group in the 4th quarter worth $72,000. SBI Securities Co. Ltd. purchased a new position in shares of Gorilla Technology Group in the 4th quarter worth $1,389,000. Commonwealth Equity Services LLC raised its position in shares of Gorilla Technology Group by 41.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company's stock worth $722,000 after buying an additional 11,663 shares during the period. Finally, Creative Financial Designs Inc. ADV purchased a new position in shares of Gorilla Technology Group in the 4th quarter worth $135,000. 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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