Gorilla Technology Group (NASDAQ:GRRR – Get Free Report) announced its earnings results on Wednesday. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.01 by $0.22, Zacks reports. The firm had revenue of $20.00 million during the quarter, compared to analysts’ expectations of $19.50 million.
Gorilla Technology Group Stock Performance
Shares of NASDAQ GRRR opened at $18.81 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.68 and a current ratio of 1.68. The stock’s 50 day moving average price is $18.15 and its 200-day moving average price is $19.03. Gorilla Technology Group has a twelve month low of $2.09 and a twelve month high of $44.15.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Gorilla Technology Group stock. Goldman Sachs Group Inc. acquired a new position in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,102 shares of the company’s stock, valued at approximately $477,000. Goldman Sachs Group Inc. owned about 0.09% 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.
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.
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