Gorilla Technology Group (NASDAQ:GRRR) Trading Up 7.9% – Should You Buy?

Gorilla Technology Group Inc. (NASDAQ:GRRR)’s share price traded up 7.9% during trading on Monday . The stock traded as high as $28.29 and last traded at $27.03. 1,353,084 shares were traded during mid-day trading, a decline of 15% from the average session volume of 1,583,396 shares. The stock had previously closed at $25.04.

Wall Street Analyst Weigh In

Separately, Northland Securities boosted their price target on 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 10.5 %

The stock’s fifty day simple moving average is $23.76 and its 200-day simple moving average is $13.28. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08.

Hedge Funds Weigh In On Gorilla Technology Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Anson Funds Management LP increased its position in shares of Gorilla Technology Group by 3,360.4% in the fourth quarter. Anson Funds Management LP now owns 600,000 shares of the company’s stock worth $10,836,000 after purchasing an additional 582,661 shares during the period. SBI Securities Co. Ltd. bought a new position in Gorilla Technology Group in the 4th quarter valued at about $1,389,000. Toronto Dominion Bank bought a new position in Gorilla Technology Group in the 4th quarter valued at about $903,000. BNP Paribas Financial Markets acquired a new position in shares of Gorilla Technology Group in the 4th quarter valued at approximately $737,000. Finally, XTX Topco Ltd bought a new stake in shares of Gorilla Technology Group during the 4th quarter worth approximately $426,000. 1.33% of the stock is owned by institutional investors and hedge funds.

About Gorilla Technology Group

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.