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

Shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) gapped down prior to trading on Friday . The stock had previously closed at $30.34, but opened at $29.35. Gorilla Technology Group shares last traded at $27.86, with a volume of 1,254,403 shares trading hands.

Wall Street Analyst Weigh In

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

Gorilla Technology Group Stock Down 14.5 %

The stock has a 50-day moving average price of $14.62 and a 200-day moving average price of $7.59. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72.

Institutional Trading of Gorilla Technology Group

A number of hedge funds have recently made changes to their positions in GRRR. SBI Securities Co. Ltd. acquired a new stake in shares of Gorilla Technology Group in the fourth quarter valued at approximately $1,389,000. XTX Topco Ltd acquired a new stake in Gorilla Technology Group during the 4th quarter worth approximately $426,000. Stifel Financial Corp acquired a new stake in Gorilla Technology Group during the 4th quarter worth approximately $412,000. Vontobel Holding Ltd. acquired a new stake in Gorilla Technology Group during the 3rd quarter worth approximately $81,000. Finally, GSA Capital Partners LLP acquired a new stake in Gorilla Technology Group during the 3rd quarter worth approximately $55,000. 1.33% of the stock is owned by institutional investors and hedge funds.

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.