Benchmark Downgrades Gogoro (NASDAQ:GGR) to Hold

Benchmark cut shares of Gogoro (NASDAQ:GGR) from a buy rating to a hold rating in a research note issued to investors on Monday morning, Marketbeat.com reports.

Gogoro Trading Down 0.7 %

NASDAQ:GGR opened at $1.33 on Monday. Gogoro has a 1-year low of $1.16 and a 1-year high of $3.12. The business’s 50-day moving average price is $1.44 and its two-hundred day moving average price is $1.56. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $326.91 million, a price-to-earnings ratio of -6.33 and a beta of 0.45.

Institutional Investors Weigh In On Gogoro

Several large investors have recently modified their holdings of the business. Senator Investment Group LP bought a new stake in shares of Gogoro in the second quarter worth about $2,079,000. Renaissance Technologies LLC grew its stake in Gogoro by 76.7% in the second quarter. Renaissance Technologies LLC now owns 93,100 shares of the company’s stock valued at $143,000 after purchasing an additional 40,400 shares in the last quarter. Finally, Jump Financial LLC bought a new position in Gogoro in the fourth quarter valued at approximately $54,000. 15.87% of the stock is currently owned by institutional investors.

About Gogoro

Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.