Shares of Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) were up 13.1% on Wednesday . The stock traded as high as $29.20 and last traded at $29.96. Approximately 1,678,200 shares were traded during trading, a decline of 48% from the average daily volume of 3,196,952 shares. The stock had previously closed at $26.49.
Analyst Upgrades and Downgrades
Separately, Northland Securities boosted their target price on shares of Gorilla Technology Group from $13.00 to $18.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd.
Get Our Latest Report on GRRR
Gorilla Technology Group Trading Up 12.4 %
The stock's 50-day simple moving average is $17.15 and its 200-day simple moving average is $8.63. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08.
Hedge Funds Weigh In On Gorilla Technology Group
A number of hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP bought a new stake in shares of Gorilla Technology Group during the 3rd quarter valued at $55,000. Transcendent Capital Group LLC bought a new stake in Gorilla Technology Group during the fourth quarter worth about $72,000. Vontobel Holding Ltd. acquired a new stake in Gorilla Technology Group during the third quarter worth about $81,000. Creative Financial Designs Inc. ADV acquired a new stake in Gorilla Technology Group during the fourth quarter worth about $135,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Gorilla Technology Group during the 4th quarter worth approximately $258,000. Institutional investors own 1.33% of the company's stock.
Gorilla Technology Group Company Profile
(
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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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