Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Monday, August 18th,Zacks.com reports.
Gorilla Technology Group Price Performance
NASDAQ:GRRR traded down $0.5480 during trading hours on Monday, reaching $17.4820. The company's stock had a trading volume of 538,430 shares, compared to its average volume of 2,774,301. The stock has a 50 day moving average price of $18.98 and a two-hundred day moving average price of $20.87. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.48 and a current ratio of 2.16. Gorilla Technology Group has a 12 month low of $2.70 and a 12 month high of $44.15.
Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.33). The firm had revenue of $21.50 million during the quarter, compared to analyst estimates of $21.50 million. Analysts forecast that Gorilla Technology Group will post 0.33 EPS for the current year.
Hedge Funds Weigh In On Gorilla Technology Group
Large investors have recently made changes to their positions in the business. Twin Tree Management LP acquired a new position in shares of Gorilla Technology Group during the first quarter worth $27,000. Bank of America Corp DE increased its position in shares of Gorilla Technology Group by 60.0% during the second quarter. Bank of America Corp DE now owns 1,920 shares of the company's stock worth $38,000 after purchasing an additional 720 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Gorilla Technology Group during the first quarter worth $61,000. Entropy Technologies LP purchased a new stake in shares of Gorilla Technology Group during the second quarter valued at $199,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Gorilla Technology Group during the second quarter valued at $251,000. 1.33% of the stock is owned by institutional investors and hedge funds.
About Gorilla Technology Group
(
Get Free Report)
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.
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