Gorilla Technology Group (NASDAQ:GRRR - Free Report) had its price target increased by Northland Securities from $13.00 to $18.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.
Gorilla Technology Group Stock Down 1.4 %
Shares of NASDAQ:GRRR traded down $0.21 during midday trading on Wednesday, hitting $15.16. The stock had a trading volume of 1,223,251 shares, compared to its average volume of 3,844,768. Gorilla Technology Group has a 12 month low of $2.09 and a 12 month high of $25.88. The business's 50-day simple moving average is $11.25 and its 200-day simple moving average is $6.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Gorilla Technology Group stock. Vontobel Holding Ltd. acquired a new position in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,000 shares of the company's stock, valued at approximately $81,000. Vontobel Holding Ltd. owned 0.21% of Gorilla Technology Group at the end of the most recent reporting period. 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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