Transcendent Capital Group LLC Takes Position in Gorilla Technology Group Inc. (NASDAQ:GRRR)

Transcendent Capital Group LLC purchased a new position in Gorilla Technology Group Inc. (NASDAQ:GRRR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,000 shares of the company’s stock, valued at approximately $72,000.

Separately, GSA Capital Partners LLP purchased a new stake in shares of Gorilla Technology Group in the 3rd quarter worth about $55,000. Institutional investors and hedge funds own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

Gorilla Technology Group Stock Down 18.5 %

NASDAQ GRRR opened at $24.61 on Tuesday. The stock’s 50 day moving average is $17.89 and its 200 day moving average is $9.08. Gorilla Technology Group Inc. has a twelve month low of $2.09 and a twelve month high of $34.41. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.72 and a current ratio of 1.72.

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.