Gorilla Technology Group (NASDAQ:GRRR) Shares Down 1.8%

Gorilla Technology Group Inc. (NASDAQ:GRRR) traded down 1.8% during trading on Monday . The company traded as low as $5.81 and last traded at $5.88. 97,194 shares were traded during mid-day trading, a decline of 77% from the average session volume of 426,036 shares. The stock had previously closed at $5.99.

Gorilla Technology Group Stock Down 1.3 %

The business has a fifty day moving average of $6.04 and a 200 day moving average of $6.55. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.13.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gorilla Technology Group stock. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 69,442 shares of the company’s stock, valued at approximately $60,000. Skandinaviska Enskilda Banken AB publ owned 0.10% of Gorilla Technology Group at the end of the most recent reporting period. 1.33% of the stock is owned by institutional investors and hedge funds.

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.