GSA Capital Partners LLP Invests $55,000 in Gorilla Technology Group Inc. (NASDAQ:GRRR)

GSA Capital Partners LLP purchased a new stake in Gorilla Technology Group Inc. (NASDAQ:GRRR) during the third quarter, HoldingsChannel reports. The firm purchased 12,914 shares of the company’s stock, valued at approximately $55,000.

Separately, Highbridge Capital Management LLC acquired a new position in shares of Gorilla Technology Group in the second quarter valued at $480,000. Institutional investors and hedge funds own 1.33% of the company’s stock.

Gorilla Technology Group Trading Up 6.5 %

Shares of NASDAQ:GRRR opened at $5.09 on Tuesday. Gorilla Technology Group Inc. has a 12-month low of $2.09 and a 12-month high of $13.00. The business has a 50 day moving average of $4.23 and a 200-day moving average of $3.77. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.72 and a current ratio of 1.72.

Wall Street Analysts Forecast Growth

Separately, Northland Securities raised their target price on shares of Gorilla Technology Group from $7.00 to $9.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th.

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.