Gorilla Technology Group (NASDAQ:GRRR) Price Target Raised to $9.00

Gorilla Technology Group (NASDAQ:GRRR) had its price objective hoisted by Northland Securities from $7.00 to $9.00 in a research note released on Wednesday, Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Gorilla Technology Group Trading Up 4.0 %

NASDAQ GRRR opened at $4.15 on Wednesday. The business has a 50 day simple moving average of $3.02 and a two-hundred day simple moving average of $4.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.43 and a current ratio of 1.43. Gorilla Technology Group has a 1-year low of $2.09 and a 1-year high of $13.00.

Hedge Funds Weigh In On Gorilla Technology Group

A hedge fund recently bought a new stake in Gorilla Technology Group stock. Highbridge Capital Management LLC purchased a new stake in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 173,289 shares of the company’s stock, valued at approximately $480,000. Highbridge Capital Management LLC owned approximately 1.93% of Gorilla Technology Group at the end of the most recent reporting period. Institutional investors and hedge funds own 1.33% of the company’s stock.

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.