Gorilla Technology Group (NASDAQ:GRRR) Shares Gap Up – Here’s What Happened

Gorilla Technology Group Inc. (NASDAQ:GRRR)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $26.93, but opened at $27.76. Gorilla Technology Group shares last traded at $27.59, with a volume of 341,324 shares trading hands.

Analyst Ratings Changes

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

Gorilla Technology Group Trading Down 12.2 %

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 firm has a 50-day simple moving average of $22.29 and a two-hundred day simple moving average of $12.26.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Anson Funds Management LP increased its position in Gorilla Technology Group by 3,360.4% in the 4th quarter. Anson Funds Management LP now owns 600,000 shares of the company’s stock worth $10,836,000 after purchasing an additional 582,661 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Gorilla Technology Group during the 4th quarter worth about $1,389,000. Toronto Dominion Bank bought a new stake in shares of Gorilla Technology Group during the 4th quarter worth about $903,000. BNP Paribas Financial Markets bought a new stake in shares of Gorilla Technology Group during the 4th quarter worth about $737,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Gorilla Technology Group by 41.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company’s stock worth $722,000 after acquiring an additional 11,663 shares in the last quarter. 1.33% of the stock is owned by institutional investors and hedge funds.

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.