Gorilla Technology Group (NASDAQ:GRRR) Stock Price Expected to Rise, Northland Securities Analyst Says

Gorilla Technology Group (NASDAQ:GRRR) had its price target increased by equities research analysts at Northland Securities from $13.00 to $18.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ price objective would indicate a potential upside of 22.12% from the stock’s current price.

Gorilla Technology Group Price Performance

Shares of Gorilla Technology Group stock opened at $14.74 on Wednesday. Gorilla Technology Group has a 1 year low of $2.09 and a 1 year high of $25.88. The company has a 50-day moving average of $10.83 and a 200 day moving average of $6.03. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08.

Hedge Funds Weigh In On Gorilla Technology Group

A hedge fund recently bought a new stake in Gorilla Technology Group stock. Vontobel Holding Ltd. acquired a new stake in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 19,000 shares of the company’s stock, valued at approximately $81,000. Vontobel Holding Ltd. owned approximately 0.21% of Gorilla Technology Group as of its most recent SEC filing. Institutional investors and hedge funds own 1.33% of the company’s stock.

Gorilla Technology Group Company Profile

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.