Commonwealth Equity Services LLC Raises Stock Holdings in Gorilla Technology Group Inc. (NASDAQ:GRRR)

Commonwealth Equity Services LLC grew its position in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) by 41.2% in the fourth quarter, Holdings Channel reports. The fund owned 39,991 shares of the company’s stock after buying an additional 11,663 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Gorilla Technology Group were worth $722,000 at the end of the most recent reporting period.

Separately, Transcendent Capital Group LLC bought a new position in Gorilla Technology Group during the fourth quarter valued at $72,000. 1.33% of the stock is currently owned by institutional investors and hedge funds.

Gorilla Technology Group Stock Down 17.3 %

NASDAQ:GRRR opened at $20.77 on Thursday. 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 $24.40 and a 200-day simple moving average of $13.74. Gorilla Technology Group Inc. has a 1 year low of $2.09 and a 1 year high of $44.15.

Wall Street Analyst Weigh In

Separately, Northland Securities boosted their target price on shares of Gorilla Technology Group from $13.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd.

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.