Guardforce AI (NASDAQ:GFAI) Trading 8% Higher – Time to Buy?

Guardforce AI Co., Limited (NASDAQ:GFAI) shares traded up 8% on Friday . The company traded as high as $2.52 and last traded at $2.30. 3,297,069 shares traded hands during trading, a decline of 79% from the average session volume of 15,865,035 shares. The stock had previously closed at $2.13.

Analyst Ratings Changes

Separately, EF Hutton Acquisition Co. I raised Guardforce AI to a “strong-buy” rating in a research report on Tuesday, October 1st.

Guardforce AI Price Performance

The firm has a 50 day moving average price of $1.38 and a 200-day moving average price of $1.48. The company has a quick ratio of 3.36, a current ratio of 3.42 and a debt-to-equity ratio of 0.01.

About Guardforce AI

Guardforce AI Co, Limited offers cash solutions and cash handling services in Thailand. The company operates through four segments: Secured Logistics Business, General Security Solutions, Robotics Solution Business, and Information Security Business. Its services include cash-in-transit, vehicles to banks, ATM management, cash center operations, cash processing, coin processing, consolidate cash center, and cheque center services, as well as cash deposit machine solutions, such as cash deposit management and express cash services.