Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 12,285 call options on the company. This represents an increase of 1,152% compared to the typical daily volume of 981 call options.
Gorilla Technology Group Price Performance
Gorilla Technology Group stock traded up $0.88 during midday trading on Wednesday, reaching $11.12. The company's stock had a trading volume of 5,233,272 shares, compared to its average volume of 618,370. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08. The business has a 50-day simple moving average of $5.24 and a 200-day simple moving average of $3.93. Gorilla Technology Group has a fifty-two week low of $2.09 and a fifty-two week high of $13.00.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Vontobel Holding Ltd. purchased a new stake in Gorilla Technology Group during the third quarter worth approximately $81,000. Highbridge Capital Management LLC purchased a new stake in shares of Gorilla Technology Group during the 2nd quarter worth approximately $480,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Gorilla Technology Group in the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 1.33% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Northland Securities lifted their price target on shares of Gorilla Technology Group from $9.00 to $13.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th.
Check Out Our Latest Analysis on Gorilla Technology Group
Gorilla Technology Group Company Profile
(
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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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