Gorilla Technology Group (NASDAQ:GRRR) Shares Gap Down – Should You Sell?

Gorilla Technology Group Inc. (NASDAQ:GRRR)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $29.48, but opened at $27.20. Gorilla Technology Group shares last traded at $28.23, with a volume of 831,590 shares traded.

Analyst Ratings Changes

Separately, Northland Securities lifted their target price on shares of Gorilla Technology Group from $13.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd.

Gorilla Technology Group Stock Performance

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72. The company has a 50-day simple moving average of $21.55 and a two-hundred day simple moving average of $11.73.

Institutional Investors Weigh In On Gorilla Technology Group

Hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new stake in Gorilla Technology Group during the third quarter worth about $55,000. Transcendent Capital Group LLC bought a new position in shares of Gorilla Technology Group during the 4th quarter valued at approximately $72,000. Creative Financial Designs Inc. ADV bought a new position in shares of Gorilla Technology Group during the 4th quarter valued at approximately $135,000. Cetera Investment Advisers purchased a new stake in shares of Gorilla Technology Group during the 4th quarter worth approximately $258,000. Finally, Stifel Financial Corp purchased a new position in Gorilla Technology Group in the fourth quarter valued at approximately $412,000. 1.33% of the stock is currently owned by institutional investors.

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.