Gorilla Technology Group (NASDAQ:GRRR) Given New $18.00 Price Target at Northland Securities

Gorilla Technology Group (NASDAQ:GRRR) had its price target raised by Northland Securities from $13.00 to $18.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Gorilla Technology Group Trading Up 4.3 %

GRRR opened at $15.37 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average price is $11.25 and its 200 day moving average price is $6.18. Gorilla Technology Group has a fifty-two week low of $2.09 and a fifty-two week high of $25.88.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Gorilla Technology Group stock. Vontobel Holding Ltd. purchased a new stake in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,000 shares of the company’s stock, valued at approximately $81,000. Vontobel Holding Ltd. owned 0.21% of Gorilla Technology Group as of its most recent filing with the Securities and Exchange Commission (SEC). 1.33% of the stock is 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.