Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $18.81, but opened at $22.10. Gorilla Technology Group shares last traded at $27.26, with a volume of 8,187,581 shares.
Gorilla Technology Group Stock Performance
The stock has a fifty day moving average of $18.19 and a 200-day moving average of $19.11. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.07.
Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) last announced its earnings results on Wednesday, June 18th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.22. The company had revenue of $20.00 million during the quarter, compared to analysts' expectations of $19.50 million. Analysts predict that Gorilla Technology Group Inc. will post 0.33 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Gorilla Technology Group
A number of large investors have recently bought and sold shares of GRRR. Anson Funds Management LP boosted its holdings in shares of Gorilla Technology Group by 3,360.4% in the fourth quarter. Anson Funds Management LP now owns 600,000 shares of the company's stock valued at $10,836,000 after acquiring an additional 582,661 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Gorilla Technology Group in the fourth quarter valued at about $1,389,000. SG Americas Securities LLC purchased a new stake in Gorilla Technology Group in the 1st quarter valued at approximately $1,663,000. Toronto Dominion Bank acquired a new position in Gorilla Technology Group during the 4th quarter worth approximately $903,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Gorilla Technology Group during the 4th quarter worth approximately $737,000. Hedge funds and other institutional investors own 1.33% of the company's stock.
Gorilla Technology Group Company Profile
(
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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