Gorilla Technology Group Sees Unusually Large Options Volume (NASDAQ:GRRR)

Key Points

• Gorilla Technology Group saw a notable increase in options trading with 9,969 call options purchased, a 26% rise from the average volume of 7,883.
• Despite the surge in options trading, the company's stock price fell by 2.9% to $17.10, with a trading volume significantly above its average.
• Gorilla Technology Group reported earnings of $0.23 per share, surpassing analysts' expectations of $0.01, with revenues of $20 million compared to forecasts of $19.5 million.

Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) was the target of some unusual options trading on Thursday. Stock investors purchased 9,969 call options on the stock. Thisisanincreaseofapproximately26% compared to the average volume of 7,883 call options.

Gorilla Technology Group Trading Up 0.2%

Shares of Gorilla Technology Group stock traded up $0.03 during trading on Tuesday, hitting $18.00. 1,226,671 shares of the company were exchanged, compared to its average volume of 1,420,609. The firm's fifty day moving average price is $19.15 and its 200 day moving average price is $20.78. Gorilla Technology Group has a 1-year low of $2.31 and a 1-year high of $44.15. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.16 and a quick ratio of 2.48.

Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) last released its 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 business had revenue of $21.50 million during the quarter, compared to analysts' expectations of $21.50 million. Sell-side analysts anticipate that Gorilla Technology Group will post 0.33 earnings per share for the current fiscal year.

Institutional Trading of Gorilla Technology Group

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets acquired a new position in shares of Gorilla Technology Group in the fourth quarter worth approximately $737,000. SBI Securities Co. Ltd. raised its stake in Gorilla Technology Group by 54.4% in the 1st quarter. SBI Securities Co. Ltd. now owns 118,765 shares of the company's stock valued at $3,515,000 after acquiring an additional 41,828 shares during the period. Cetera Investment Advisers bought a new stake in shares of Gorilla Technology Group during the fourth quarter valued at about $258,000. Oppenheimer & Co. Inc. bought a new position in shares of Gorilla Technology Group in the first quarter worth approximately $1,086,000. Finally, Stifel Financial Corp bought a new stake in shares of Gorilla Technology Group in the 4th quarter worth approximately $412,000. 1.33% of the stock is currently owned by institutional investors.

About Gorilla Technology Group

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.