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

Gorilla Technology Group Inc. (NASDAQ:GRRR)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $26.93, but opened at $27.76. Gorilla Technology Group shares last traded at $27.59, with a volume of 341,324 shares trading hands.

Wall Street Analyst Weigh In

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

Gorilla Technology Group Stock Down 12.2 %

The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average price of $22.29 and a two-hundred day moving average price of $12.26.

Institutional Trading of Gorilla Technology Group

Several institutional investors have recently modified their holdings of GRRR. Toronto Dominion Bank purchased a new stake in shares of Gorilla Technology Group during the fourth quarter valued at $903,000. Cetera Investment Advisers acquired a new position in Gorilla Technology Group during the fourth quarter valued at $258,000. Centiva Capital LP acquired a new position in Gorilla Technology Group during the fourth quarter valued at $424,000. BNP Paribas Financial Markets acquired a new position in Gorilla Technology Group during the fourth quarter valued at $737,000. Finally, Anson Funds Management LP raised its position in Gorilla Technology Group by 3,360.4% during the fourth quarter. Anson Funds Management LP now owns 600,000 shares of the company’s stock valued at $10,836,000 after buying an additional 582,661 shares during the period. 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.