Northland Securities Increases Gorilla Technology Group (NASDAQ:GRRR) Price Target to $9.00

Gorilla Technology Group (NASDAQ:GRRR) had its price target raised by Northland Securities from $7.00 to $9.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an outperform rating on the stock.

Gorilla Technology Group Stock Up 4.0 %

Shares of NASDAQ GRRR opened at $4.15 on Wednesday. The firm has a fifty day simple moving average of $3.02 and a two-hundred day simple moving average of $4.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.43 and a current ratio of 1.43. Gorilla Technology Group has a 12 month low of $2.09 and a 12 month high of $13.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gorilla Technology Group stock. Highbridge Capital Management LLC bought a new position in Gorilla Technology Group Inc. (NASDAQ:GRRR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 173,289 shares of the company’s stock, valued at approximately $480,000. Highbridge Capital Management LLC owned approximately 1.93% of Gorilla Technology Group at the end of the most recent quarter. Institutional investors own 1.33% of the company’s stock.

Gorilla Technology Group Company Profile

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.