Northland Securities Issues Positive Forecast for Gorilla Technology Group (NASDAQ:GRRR) Stock Price

Gorilla Technology Group (NASDAQ:GRRR) had its price target hoisted by Northland Securities from $9.00 to $13.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ target price suggests a potential upside of 97.57% from the company’s current price.

Gorilla Technology Group Stock Performance

NASDAQ GRRR opened at $6.58 on Monday. The business has a 50-day moving average price of $4.61 and a 200-day moving average price of $3.80. Gorilla Technology Group has a twelve month low of $2.09 and a twelve month high of $13.00. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08.

Institutional Investors Weigh In On Gorilla Technology Group

Hedge funds have recently bought and sold shares of the business. Highbridge Capital Management LLC bought a new stake in shares of Gorilla Technology Group in the 2nd quarter worth about $480,000. Vontobel Holding Ltd. bought a new stake in Gorilla Technology Group during the third quarter worth approximately $81,000. Finally, GSA Capital Partners LLP purchased a new stake in Gorilla Technology Group during the third quarter valued at approximately $55,000. Hedge funds and other institutional investors own 1.33% of the company’s stock.

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.