Gorilla Technology Group (NASDAQ:GRRR) Sees Large Volume Increase – What’s Next?

Shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) saw unusually-strong trading volume on Wednesday . Approximately 4,621,366 shares changed hands during mid-day trading, an increase of 24% from the previous session’s volume of 3,726,666 shares.The stock last traded at $42.49 and had previously closed at $38.10.

Wall Street Analyst Weigh In

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

Gorilla Technology Group Stock Up 5.0 %

The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average is $19.78 and its two-hundred day moving average is $10.17.

Hedge Funds Weigh In On Gorilla Technology Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank acquired a new stake in shares of Gorilla Technology Group in the 4th quarter worth $903,000. Cetera Investment Advisers purchased a new stake in Gorilla Technology Group in the fourth quarter valued at about $258,000. Centiva Capital LP acquired a new stake in Gorilla Technology Group in the fourth quarter worth about $424,000. BNP Paribas Financial Markets purchased a new stake in shares of Gorilla Technology Group during the fourth quarter worth about $737,000. Finally, Anson Funds Management LP increased its holdings in shares of Gorilla Technology Group by 3,360.4% during the fourth quarter. Anson Funds Management LP now owns 600,000 shares of the company’s stock valued at $10,836,000 after acquiring an additional 582,661 shares in the last quarter. 1.33% of the stock is owned by hedge funds and other 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.