Gorilla Technology Group (NASDAQ:GRRR) Price Target Raised to $18.00

Gorilla Technology Group (NASDAQ:GRRR) had its target price upped by Northland Securities from $13.00 to $18.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

Gorilla Technology Group Price Performance

NASDAQ GRRR opened at $15.49 on Wednesday. Gorilla Technology Group has a one year low of $2.09 and a one year high of $25.88. The company has a 50-day simple moving average of $11.70 and a 200-day simple moving average of $6.33. 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

An institutional investor recently bought a new position in Gorilla Technology Group stock. Vontobel Holding Ltd. bought a new stake in Gorilla Technology Group Inc. (NASDAQ:GRRR) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 19,000 shares of the company’s stock, valued at approximately $81,000. Vontobel Holding Ltd. owned about 0.21% of Gorilla Technology Group as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 1.33% of the company’s stock.

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.