Gorilla Technology Group (NASDAQ:GRRR) Sets New 12-Month High – What’s Next?

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

Analyst Upgrades and Downgrades

Separately, Northland Securities increased their price objective on 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 Trading Up 10.0 %

The company’s 50 day moving average price is $19.78 and its 200 day moving average price is $10.17. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.72 and a current ratio of 1.72.

Hedge Funds Weigh In On Gorilla Technology Group

A number of large investors have recently bought and sold shares of GRRR. Anson Funds Management LP increased its holdings 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 valued at $10,836,000 after purchasing an additional 582,661 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Gorilla Technology Group during the 4th quarter worth $1,389,000. Toronto Dominion Bank acquired a new position in Gorilla Technology Group during the 4th quarter worth approximately $903,000. BNP Paribas Financial Markets acquired a new stake in shares of Gorilla Technology Group during the fourth quarter valued at about $737,000. Finally, Commonwealth Equity Services LLC increased its holdings in Gorilla Technology Group by 41.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company’s stock valued at $722,000 after purchasing an additional 11,663 shares during the period. 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.