Gogoro (NASDAQ:GGR) Rating Lowered to Hold at Benchmark

Gogoro (NASDAQ:GGR) was downgraded by equities research analysts at Benchmark from a “buy” rating to a “hold” rating in a note issued to investors on Monday, MarketBeat.com reports.

Gogoro Stock Up 0.8 %

Gogoro stock opened at $1.34 on Monday. Gogoro has a 12 month low of $1.16 and a 12 month high of $3.12. The stock has a fifty day simple moving average of $1.45 and a two-hundred day simple moving average of $1.56. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 1.43. The firm has a market cap of $329.37 million, a price-to-earnings ratio of -6.38 and a beta of 0.45.

Institutional Investors Weigh In On Gogoro

Hedge funds and other institutional investors have recently made changes to their positions in the business. Senator Investment Group LP purchased a new stake in shares of Gogoro in the 2nd quarter worth $2,079,000. Renaissance Technologies LLC lifted its position in Gogoro by 76.7% during the second quarter. Renaissance Technologies LLC now owns 93,100 shares of the company’s stock valued at $143,000 after purchasing an additional 40,400 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in Gogoro during the fourth quarter valued at about $54,000. Hedge funds and other institutional investors own 15.87% of the company’s stock.

About Gogoro

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.