Gorilla Technology Group (NASDAQ:GRRR) Hits New 52-Week High – Here’s What Happened

Gorilla Technology Group Inc. (NASDAQ:GRRR) hit a new 52-week high on Thursday . The stock traded as high as $27.33 and last traded at $27.75, with a volume of 1330999 shares changing hands. The stock had previously closed at $24.20.

Analyst Upgrades and Downgrades

Separately, Northland Securities raised their price objective on shares of Gorilla Technology Group from $13.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd.

Gorilla Technology Group Stock Down 12.4 %

The business has a fifty day moving average of $15.51 and a 200 day moving average of $7.92. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08.

Institutional Trading of Gorilla Technology Group

A number of hedge funds have recently modified their holdings of the company. Transcendent Capital Group LLC bought a new stake in Gorilla Technology Group in the fourth quarter valued at approximately $72,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Gorilla Technology Group in the 4th quarter valued at $135,000. GSA Capital Partners LLP acquired a new stake in Gorilla Technology Group during the 3rd quarter worth $55,000. Vontobel Holding Ltd. bought a new position in Gorilla Technology Group during the third quarter worth about $81,000. Finally, Stifel Financial Corp bought a new position in Gorilla Technology Group during the fourth quarter worth about $412,000. 1.33% of the stock is currently owned by institutional investors and hedge funds.

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.