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

Gorilla Technology Group Inc. (NASDAQ:GRRR)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $32.74 and last traded at $30.34, with a volume of 5724200 shares traded. The stock had previously closed at $26.49.

Analyst Upgrades and Downgrades

Separately, Northland Securities raised their price objective on 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 Price Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.72 and a current ratio of 1.72. The business’s 50-day moving average price is $17.58 and its two-hundred day moving average price is $8.83.

Institutional Investors Weigh In On Gorilla Technology Group

A number of institutional investors have recently modified their holdings of GRRR. GSA Capital Partners LLP acquired a new position in Gorilla Technology Group in the third quarter worth about $55,000. Cetera Investment Advisers bought a new position in Gorilla Technology Group during the 4th quarter worth approximately $258,000. Toronto Dominion Bank acquired a new position in shares of Gorilla Technology Group in the 4th quarter worth approximately $903,000. BNP Paribas Financial Markets bought a new stake in shares of Gorilla Technology Group in the 4th quarter valued at approximately $737,000. Finally, Stifel Financial Corp acquired a new stake in shares of Gorilla Technology Group during the 4th quarter valued at approximately $412,000. Institutional investors and hedge funds 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.