Gorilla Technology Group (NASDAQ:GRRR) Shares Gap Down – Time to Sell?

Gorilla Technology Group Inc. (NASDAQ:GRRR) gapped down before the market opened on Tuesday . The stock had previously closed at $32.23, but opened at $30.16. Gorilla Technology Group shares last traded at $30.78, with a volume of 1,254,096 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Northland Securities lifted 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 Up 21.6 %

The firm’s 50 day simple moving average is $19.29 and its two-hundred day simple moving average is $9.92. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72.

Institutional Trading of Gorilla Technology Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Anson Funds Management LP grew its holdings in Gorilla Technology Group by 3,360.4% in the 4th quarter. Anson Funds Management LP now owns 600,000 shares of the company’s stock worth $10,836,000 after acquiring an additional 582,661 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Gorilla Technology Group during the fourth quarter worth about $1,389,000. Toronto Dominion Bank bought a new stake in shares of Gorilla Technology Group in the fourth quarter worth about $903,000. BNP Paribas Financial Markets purchased a new position in Gorilla Technology Group during the 4th quarter valued at about $737,000. Finally, XTX Topco Ltd bought a new position in Gorilla Technology Group during the 4th quarter valued at approximately $426,000. 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.