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

Gorilla Technology Group Inc. (NASDAQ:GRRR) shares hit a new 52-week high during trading on Monday . The stock traded as high as $38.88 and last traded at $33.89, with a volume of 4017447 shares. The stock had previously closed at $30.28.

Wall Street Analyst Weigh In

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

Gorilla Technology Group Stock Up 14.6 %

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72. The company’s fifty day moving average price is $18.92 and its 200 day moving average price is $9.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GRRR. Transcendent Capital Group LLC acquired a new position in Gorilla Technology Group during the fourth quarter worth $72,000. Creative Financial Designs Inc. ADV acquired a new stake in Gorilla Technology Group during the fourth quarter worth about $135,000. Commonwealth Equity Services LLC boosted its stake in Gorilla Technology Group by 41.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company’s stock worth $722,000 after buying an additional 11,663 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Gorilla Technology Group during the third quarter valued at approximately $55,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Gorilla Technology Group in the 4th quarter valued at $258,000. 1.33% of the stock is currently owned by institutional investors and hedge funds.

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.