Gorilla Technology Group (NASDAQ:GRRR) Hits New 52-Week High – What’s Next?

Gorilla Technology Group Inc. (NASDAQ:GRRR)’s stock price reached a new 52-week high on Thursday . The company traded as high as $27.33 and last traded at $27.75, with a volume of 1330999 shares traded. The stock had previously closed at $24.20.

Wall Street Analyst Weigh In

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

Gorilla Technology Group Stock Up 11.6 %

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 has a 50 day simple moving average of $14.62 and a two-hundred day simple moving average of $7.59.

Hedge Funds Weigh In On Gorilla Technology Group

A number of hedge funds have recently added to or reduced their stakes in GRRR. Transcendent Capital Group LLC bought a new position in shares of Gorilla Technology Group during the fourth quarter valued at approximately $72,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Gorilla Technology Group during the fourth quarter valued at $135,000. GSA Capital Partners LLP bought a new position in shares of Gorilla Technology Group during the third quarter worth about $55,000. Vontobel Holding Ltd. acquired a new stake in shares of Gorilla Technology Group in the 3rd quarter worth about $81,000. Finally, Commonwealth Equity Services LLC grew its position in Gorilla Technology Group by 41.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company’s stock worth $722,000 after purchasing an additional 11,663 shares during the last quarter. 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.