Gorilla Technology Group (NASDAQ:GRRR) Price Target Raised to $18.00 at Northland Securities

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

Gorilla Technology Group Stock Performance

NASDAQ GRRR opened at $14.74 on Wednesday. Gorilla Technology Group has a fifty-two week low of $2.09 and a fifty-two week high of $25.88. The stock has a 50 day simple moving average of $10.83 and a two-hundred day simple 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.

Institutional Trading of Gorilla Technology Group

A hedge fund recently bought a new stake in Gorilla Technology Group stock. Vontobel Holding Ltd. bought a new position in Gorilla Technology Group Inc. (NASDAQ:GRRR) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 19,000 shares of the company’s stock, valued at approximately $81,000. Vontobel Holding Ltd. owned 0.21% of Gorilla Technology Group at the end of the most recent quarter. 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.