Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report)'s stock price was down 12.9% on Thursday . The stock traded as low as $38.68 and last traded at $36.49. Approximately 1,508,089 shares traded hands during trading, a decline of 60% from the average daily volume of 3,807,745 shares. The stock had previously closed at $41.91.
Wall Street Analyst Weigh In
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 research note on Wednesday, January 22nd.
Read Our Latest Stock Analysis on GRRR
Gorilla Technology Group Stock Down 14.8 %
The stock has a 50-day simple moving average of $20.90 and a 200 day simple moving average of $10.85. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08.
Institutional Trading of Gorilla Technology Group
Hedge funds have recently modified their holdings of the company. Transcendent Capital Group LLC bought a new stake in shares of Gorilla Technology Group in the 4th quarter worth approximately $72,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Gorilla Technology Group in the 4th quarter worth approximately $135,000. GSA Capital Partners LLP bought a new stake in shares of Gorilla Technology Group in the 3rd quarter worth approximately $55,000. Cetera Investment Advisers bought a new position in shares of Gorilla Technology Group during the 4th quarter worth approximately $258,000. Finally, Stifel Financial Corp bought a new position in shares of Gorilla Technology Group during the 4th quarter worth approximately $412,000. 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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