Gorilla Technology Group (NASDAQ:GRRR) Stock Price Down 1.5% – Time to Sell?

Gorilla Technology Group Inc. (NASDAQ:GRRR)’s stock price traded down 1.5% during mid-day trading on Wednesday . The company traded as low as $16.01 and last traded at $16.73. 4,206,291 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 4,971,204 shares. The stock had previously closed at $16.98.

Analyst Upgrades and Downgrades

Separately, Northland Securities boosted their target price on Gorilla Technology Group from $9.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, December 9th.

Gorilla Technology Group Price Performance

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 business’s 50-day simple moving average is $9.05 and its two-hundred day simple moving average is $5.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP bought a new stake in Gorilla Technology Group during the 3rd quarter valued at $55,000. Vontobel Holding Ltd. purchased a new position in shares of Gorilla Technology Group in the third quarter valued at $81,000. Finally, Highbridge Capital Management LLC bought a new stake in shares of Gorilla Technology Group during the 2nd quarter valued at $480,000. 1.33% of the stock is owned by institutional investors.

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.