Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) was the target of unusually large options trading on Friday. Traders bought 15,347 call options on the stock. This represents an increase of 85% compared to the typical volume of 8,280 call options.
Gorilla Technology Group Stock Down 19.1%
Gorilla Technology Group stock traded down $4.83 during midday trading on Monday, hitting $20.40. 5,799,403 shares of the company's stock were exchanged, compared to its average volume of 1,966,718. Gorilla Technology Group has a 52-week low of $2.09 and a 52-week high of $44.15. The stock has a 50-day moving average price of $18.40 and a two-hundred day moving average price of $19.51. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.48 and a quick ratio of 2.48.
Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) last posted its earnings results on Wednesday, June 18th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.01 by $0.22. The business had revenue of $20.00 million for the quarter, compared to analysts' expectations of $19.50 million. As a group, sell-side analysts forecast that Gorilla Technology Group will post 0.33 EPS for the current year.
Hedge Funds Weigh In On Gorilla Technology Group
A number of hedge funds and other institutional investors have recently modified their holdings of GRRR. Anson Funds Management LP boosted its holdings in shares of 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 in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Gorilla Technology Group in the 4th quarter worth about $1,389,000. SG Americas Securities LLC purchased a new position in shares of Gorilla Technology Group in the 1st quarter worth about $1,663,000. Toronto Dominion Bank purchased a new position in shares of Gorilla Technology Group in the 4th quarter worth about $903,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Gorilla Technology Group in the 4th quarter worth about $737,000. 1.33% of the stock is currently owned by hedge funds and other institutional investors.
About Gorilla Technology Group
(
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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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