Vontobel Holding Ltd. Takes Position in Gorilla Technology Group Inc. (NASDAQ:GRRR)

Vontobel Holding Ltd. bought a new position in Gorilla Technology Group Inc. (NASDAQ:GRRR) in the 3rd quarter, according to its most recent disclosure 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 0.21% of Gorilla Technology Group at the end of the most recent reporting period.

Separately, Highbridge Capital Management LLC bought a new position in shares of Gorilla Technology Group during the 2nd quarter worth about $480,000. 1.33% of the stock is owned by institutional investors.

Gorilla Technology Group Stock Down 8.6 %

Shares of GRRR opened at $4.70 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72. Gorilla Technology Group Inc. has a 1 year low of $2.09 and a 1 year high of $13.00. The stock has a 50 day simple moving average of $3.62 and a 200-day simple moving average of $4.01.

Analyst Upgrades and Downgrades

Separately, Northland Securities upped their target price on shares of Gorilla Technology Group from $7.00 to $9.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th.

Gorilla Technology Group 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.