Gorilla Technology Group (NASDAQ:GRRR) Sets New 1-Year High – Time to Buy?

Gorilla Technology Group Inc. (NASDAQ:GRRR) reached a new 52-week high during trading on Monday . The stock traded as high as $38.88 and last traded at $33.89, with a volume of 4017447 shares trading hands. The stock had previously closed at $30.28.

Wall Street Analyst Weigh In

Separately, Northland Securities raised their target price 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 Trading Up 10.0 %

The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $19.78 and a 200-day moving average of $10.17.

Hedge Funds Weigh In On Gorilla Technology Group

A number of institutional investors and hedge funds have recently modified their holdings of GRRR. Anson Funds Management LP grew its stake in Gorilla Technology Group by 3,360.4% during the 4th quarter. Anson Funds Management LP now owns 600,000 shares of the company’s stock worth $10,836,000 after buying an additional 582,661 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Gorilla Technology Group during the 4th quarter worth approximately $1,389,000. Toronto Dominion Bank acquired a new stake in Gorilla Technology Group in the fourth quarter valued at $903,000. BNP Paribas Financial Markets acquired a new stake in shares of Gorilla Technology Group in the fourth quarter valued at about $737,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Gorilla Technology Group by 41.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company’s stock worth $722,000 after acquiring an additional 11,663 shares in the last quarter. Institutional investors and hedge funds 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.