Guardforce AI (NASDAQ:GFAI) Trading Up 8% – Time to Buy?

Guardforce AI Co., Limited (NASDAQ:GFAI) shares traded up 8% during trading on Friday . The company traded as high as $2.52 and last traded at $2.30. 3,297,069 shares were traded during mid-day trading, a decline of 79% from the average session volume of 15,865,035 shares. The stock had previously closed at $2.13.

Analysts Set New Price Targets

Separately, EF Hutton Acquisition Co. I upgraded shares of Guardforce AI to a “strong-buy” rating in a research report on Tuesday, October 1st.

Guardforce AI Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.36 and a current ratio of 3.42. The business has a 50-day moving average price of $1.36 and a 200-day moving average price of $1.49.

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.