Gorilla Technology Group (NASDAQ:GRRR) Trading 11.9% Higher – Time to Buy?

Gorilla Technology Group Inc. (NASDAQ:GRRR)’s share price shot up 11.9% during trading on Friday . The company traded as high as $28.70 and last traded at $28.99. 1,586,423 shares were traded during mid-day trading, a decline of 61% from the average session volume of 4,020,121 shares. The stock had previously closed at $25.91.

Wall Street Analyst Weigh In

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

Gorilla Technology Group Stock Up 29.6 %

The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.72 and a current ratio of 1.72. The business’s 50 day moving average price is $21.55 and its 200-day moving average price is $11.67.

Institutional Investors Weigh In On Gorilla Technology Group

A number of large investors have recently added to or reduced their stakes in GRRR. Transcendent Capital Group LLC acquired a new position in Gorilla Technology Group during the 4th quarter worth approximately $72,000. Creative Financial Designs Inc. ADV bought a new stake in Gorilla Technology Group during the 4th quarter worth approximately $135,000. GSA Capital Partners LLP bought a new stake in Gorilla Technology Group during the 3rd quarter worth approximately $55,000. Cetera Investment Advisers acquired a new position in Gorilla Technology Group in the 4th quarter valued at approximately $258,000. Finally, Stifel Financial Corp bought a new position in Gorilla Technology Group during the 4th quarter worth $412,000. 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.