Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) was the recipient of unusually large options trading activity on Friday. Stock investors acquired 15,347 call options on the company. This represents an increase of approximately 85% compared to the typical volume of 8,280 call options.
Hedge Funds Weigh In On Gorilla Technology Group
Several institutional investors have recently added to or reduced their stakes in the company. Twin Tree Management LP purchased a new stake in shares of Gorilla Technology Group during the 1st quarter worth approximately $27,000. NewEdge Advisors LLC bought a new stake in Gorilla Technology Group in the first quarter worth $61,000. Transcendent Capital Group LLC purchased a new stake in Gorilla Technology Group during the fourth quarter valued at $72,000. Creative Financial Designs Inc. ADV purchased a new stake in Gorilla Technology Group during the fourth quarter valued at $135,000. Finally, Cetera Investment Advisers bought a new position in Gorilla Technology Group during the fourth quarter valued at $258,000. Hedge funds and other institutional investors own 1.33% of the company's stock.
Gorilla Technology Group Price Performance
GRRR traded up $7.88 during trading on Friday, hitting $26.69. 5,516,891 shares of the company traded hands, compared to its average volume of 1,912,246. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.68 and a current ratio of 1.68. The stock's 50-day simple moving average is $18.19 and its two-hundred day simple moving average is $19.11. Gorilla Technology Group has a 1 year low of $2.09 and a 1 year high of $44.15.
Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) last released its quarterly earnings data on Wednesday, June 18th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.01 by $0.22. The company had revenue of $20.00 million for the quarter, compared to the consensus estimate of $19.50 million. On average, sell-side analysts expect that Gorilla Technology Group will post 0.33 EPS for the current fiscal year.
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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