Senator Investment Group LP acquired a new stake in shares of Gogoro Inc. (NASDAQ:GGR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,350,000 shares of the company's stock, valued at approximately $2,079,000. Senator Investment Group LP owned 0.55% of Gogoro at the end of the most recent reporting period.
Separately, Renaissance Technologies LLC raised its holdings in shares of Gogoro by 76.7% in the second quarter. Renaissance Technologies LLC now owns 93,100 shares of the company's stock worth $143,000 after buying an additional 40,400 shares during the period. 15.87% of the stock is owned by hedge funds and other institutional investors.
Gogoro Stock Down 4.1 %
NASDAQ GGR traded down $0.02 during midday trading on Monday, hitting $0.53. 2,663,488 shares of the company traded hands, compared to its average volume of 396,048. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.46 and a quick ratio of 1.19. The company has a market cap of $129.46 million, a PE ratio of -2.51 and a beta of 0.41. The company's 50-day simple moving average is $1.14 and its 200-day simple moving average is $1.41. Gogoro Inc. has a 52 week low of $0.48 and a 52 week high of $2.97.
Gogoro (NASDAQ:GGR - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The company reported ($0.08) earnings per share for the quarter. The business had revenue of $80.94 million during the quarter. Gogoro had a negative return on equity of 33.04% and a negative net margin of 19.11%.
Wall Street Analysts Forecast Growth
Separately, Benchmark downgraded Gogoro from a "buy" rating to a "hold" rating in a report on Monday, August 19th.
Read Our Latest Research Report on Gogoro
Gogoro Profile
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Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.
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