Guardforce AI (NASDAQ:GFAI) Shares Down 10.3% – Here’s What Happened

Guardforce AI Co., Limited (NASDAQ:GFAI)’s share price traded down 10.3% during mid-day trading on Monday . The company traded as low as $0.98 and last traded at $1.01. 683,019 shares were traded during mid-day trading, a decline of 33% from the average session volume of 1,024,137 shares. The stock had previously closed at $1.12.

Guardforce AI Stock Performance

The stock’s 50-day moving average price is $1.62 and its 200-day moving average price is $1.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 3.36.

Institutional Trading of Guardforce AI

Several institutional investors have recently made changes to their positions in the stock. Millennium Management LLC bought a new position in shares of Guardforce AI in the fourth quarter valued at approximately $36,000. Squarepoint Ops LLC acquired a new stake in shares of Guardforce AI in the 4th quarter valued at $27,000. Renaissance Technologies LLC lifted its position in Guardforce AI by 305.5% during the 4th quarter. Renaissance Technologies LLC now owns 96,500 shares of the company’s stock valued at $138,000 after purchasing an additional 72,700 shares during the period. Finally, Virtu Financial LLC acquired a new position in Guardforce AI during the 4th quarter valued at about $35,000. 2.04% of the stock is currently owned by institutional investors and hedge funds.

Guardforce AI Company Profile

Guardforce AI Co, Limited offers cash solutions and cash handling services in Thailand. The company operates through four segments: Secured Logistics Business, General Security Solutions, Robotics Solution Business, and Information Security Business. Its services include cash-in-transit, vehicles to banks, ATM management, cash center operations, cash processing, coin processing, consolidate cash center, and cheque center services, as well as cash deposit machine solutions, such as cash deposit management and express cash services.