Northland Securities Issues Positive Forecast for Gorilla Technology Group (NASDAQ:GRRR) Stock Price

Gorilla Technology Group (NASDAQ:GRRR) had its price target increased by Northland Securities from $13.00 to $18.00 in a research report report published on Wednesday morning,Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Gorilla Technology Group Stock Performance

Shares of GRRR opened at $15.37 on Wednesday. Gorilla Technology Group has a one year low of $2.09 and a one year high of $25.88. The stock has a 50-day moving average price of $11.25 and a 200 day moving average price of $6.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72.

Institutional Trading of Gorilla Technology Group

A hedge fund recently bought a new position in Gorilla Technology Group stock. Vontobel Holding Ltd. bought a new stake in Gorilla Technology Group Inc. (NASDAQ:GRRR) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 19,000 shares of the company’s stock, valued at approximately $81,000. Vontobel Holding Ltd. owned approximately 0.21% of Gorilla Technology Group as of its most recent filing with the SEC. 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.