Gorilla Technology Group (NASDAQ:GRRR) Shares Down 1.5% – What’s Next?

Shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) fell 1.5% during trading on Wednesday . The company traded as low as $16.01 and last traded at $16.73. 4,206,291 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 4,971,204 shares. The stock had previously closed at $16.98.

Analysts Set New Price Targets

Separately, Northland Securities boosted their price objective on shares of Gorilla Technology Group from $9.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, December 9th.

Gorilla Technology Group Trading Down 1.5 %

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72. The firm’s fifty day moving average price is $9.05 and its two-hundred day moving average price is $5.31.

Hedge Funds Weigh In On Gorilla Technology Group

A number of institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new stake in shares of Gorilla Technology Group during the 3rd quarter valued at about $55,000. Vontobel Holding Ltd. purchased a new stake in Gorilla Technology Group in the third quarter valued at approximately $81,000. Finally, Highbridge Capital Management LLC bought a new stake in Gorilla Technology Group during the second quarter valued at approximately $480,000. 1.33% of the stock is currently owned by institutional investors.

About Gorilla Technology Group

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.