Gorilla Technology Group (NASDAQ:GRRR) Shares Gap Up – Here’s What Happened

Gorilla Technology Group Inc. (NASDAQ:GRRR) gapped up prior to trading on Tuesday . The stock had previously closed at $26.57, but opened at $29.42. Gorilla Technology Group shares last traded at $28.91, with a volume of 1,405,693 shares changing hands.

Wall Street Analyst Weigh In

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

Gorilla Technology Group Stock Down 0.9 %

The stock’s 50-day moving average price is $16.71 and its 200 day moving average price is $8.48. 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 Investors Weigh In On Gorilla Technology Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in Gorilla Technology Group during the fourth quarter worth about $72,000. Creative Financial Designs Inc. ADV acquired a new stake in Gorilla Technology Group during the fourth quarter worth about $135,000. Commonwealth Equity Services LLC increased its position in Gorilla Technology Group by 41.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company’s stock worth $722,000 after purchasing an additional 11,663 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Gorilla Technology Group during the third quarter worth about $55,000. Finally, Cetera Investment Advisers acquired a new stake in Gorilla Technology Group during the fourth quarter worth about $258,000. 1.33% of the stock is currently owned by institutional investors and hedge funds.

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.