Guardforce AI (NASDAQ:GFAI) Rating Increased to Strong-Buy at EF Hutton Acquisition Co. I

EF Hutton Acquisition Co. I upgraded shares of Guardforce AI (NASDAQ:GFAI) to a strong-buy rating in a report released on Tuesday, Zacks.com reports.

Guardforce AI Price Performance

Guardforce AI stock opened at $1.18 on Tuesday. The stock has a 50-day simple moving average of $1.39 and a 200-day simple moving average of $2.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 2.19. Guardforce AI has a fifty-two week low of $1.03 and a fifty-two week high of $4.76.

Hedge Funds Weigh In On Guardforce AI

A hedge fund recently bought a new stake in Guardforce AI stock. Murchinson Ltd. bought a new stake in Guardforce AI Co., Limited (NASDAQ:GFAI) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,700 shares of the company’s stock, valued at approximately $102,000. Murchinson Ltd. owned approximately 0.28% of Guardforce AI at the end of the most recent quarter. 2.04% of the stock is currently owned by institutional investors and hedge funds.

Guardforce AI Company Profile

Guardforce AI Co, Limited offers cash solutions and cash handling services in Thailand. The company operates through four segments: Secured Logistics Business, General Security Solutions, Robotics Solution Business, and Information Security Business. Its services include cash-in-transit, vehicles to banks, ATM management, cash center operations, cash processing, coin processing, consolidate cash center, and cheque center services, as well as cash deposit machine solutions, such as cash deposit management and express cash services.