Guardforce AI (NASDAQ:GFAI) Stock Price Up 8% – Still a Buy?

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

Wall Street Analysts Forecast Growth

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

Guardforce AI Stock Performance

The business has a 50-day moving average of $1.38 and a two-hundred day moving average of $1.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.36 and a current ratio of 3.42.

About Guardforce AI

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.