Shares of Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) fell 5.1% during mid-day trading on Monday . The stock traded as low as $31.85 and last traded at $31.86. 1,350,822 shares were traded during mid-day trading, a decline of 67% from the average session volume of 4,098,921 shares. The stock had previously closed at $33.59.
Analysts Set New Price Targets
Separately, Northland Securities boosted their price objective on shares of Gorilla Technology Group from $13.00 to $18.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd.
Get Our Latest Stock Analysis on Gorilla Technology Group
Gorilla Technology Group Price Performance
The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a 50 day simple moving average of $22.56 and a 200-day simple moving average of $12.42.
Hedge Funds Weigh In On Gorilla Technology Group
Several institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP acquired a new stake in shares of Gorilla Technology Group in the 3rd quarter valued at approximately $55,000. Transcendent Capital Group LLC acquired a new stake in Gorilla Technology Group in the fourth quarter valued at $72,000. SBI Securities Co. Ltd. bought a new position in shares of Gorilla Technology Group in the 4th quarter valued at about $1,389,000. Commonwealth Equity Services LLC increased its stake in shares of Gorilla Technology Group by 41.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company's stock worth $722,000 after purchasing an additional 11,663 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV bought a new stake in shares of Gorilla Technology Group in the 4th quarter valued at about $135,000. 1.33% of the stock is currently owned by institutional investors and hedge funds.
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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