Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) shares traded up 7.9% during trading on Monday . The stock traded as high as $28.29 and last traded at $27.03. 1,353,084 shares were traded during mid-day trading, a decline of 15% from the average session volume of 1,583,396 shares. The stock had previously closed at $25.04.
Analysts Set New Price Targets
Separately, Northland Securities increased their price objective 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.
Read Our Latest Stock Report on GRRR
Gorilla Technology Group Price Performance
The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08. The company's 50 day moving average price is $24.48 and its 200-day moving average price is $13.78.
Hedge Funds Weigh In On Gorilla Technology Group
A number of large investors have recently modified their holdings of GRRR. Transcendent Capital Group LLC acquired a new position in Gorilla Technology Group during the fourth quarter valued at approximately $72,000. SBI Securities Co. Ltd. acquired a new stake in Gorilla Technology Group in the fourth quarter valued at approximately $1,389,000. Commonwealth Equity Services LLC boosted its stake in shares of Gorilla Technology Group by 41.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company's stock valued at $722,000 after purchasing an additional 11,663 shares during the period. Creative Financial Designs Inc. ADV purchased a new stake in Gorilla Technology Group during the 4th quarter worth $135,000. Finally, XTX Topco Ltd acquired a new position in Gorilla Technology Group in the 4th quarter worth $426,000. 1.33% of the stock is currently owned by hedge funds and other institutional investors.
About Gorilla Technology Group
(
Get Free Report)
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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