Gorilla Technology Group (NASDAQ:GRRR) Trading Down 5.1% – Should You Sell?

Shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) were down 5.1% during trading on Monday . The stock traded as low as $31.85 and last traded at $31.86. Approximately 1,350,822 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 4,098,921 shares. The stock had previously closed at $33.59.

Wall Street Analyst Weigh In

Separately, Northland Securities raised 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 Trading Down 8.6 %

The company’s 50 day moving average is $21.94 and its 200 day moving average is $12.08. 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 Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC purchased a new position in Gorilla Technology Group during the 4th quarter valued at about $72,000. Creative Financial Designs Inc. ADV purchased a new position in Gorilla Technology Group during the 4th quarter valued at about $135,000. GSA Capital Partners LLP purchased a new position in Gorilla Technology Group during the 3rd quarter valued at about $55,000. Cetera Investment Advisers purchased a new position in Gorilla Technology Group during the 4th quarter valued at about $258,000. Finally, Stifel Financial Corp purchased a new position in Gorilla Technology Group during the 4th quarter valued at about $412,000. Hedge funds and other 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.