Guardforce AI (NASDAQ:GFAI) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Guardforce AI (NASDAQ:GFAI) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Guardforce AI in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Guardforce AI presently has a consensus rating of “Hold” and a consensus target price of $4.50.

Guardforce AI Price Performance

Shares of NASDAQ GFAI opened at $1.11 on Friday. Guardforce AI has a 1-year low of $0.76 and a 1-year high of $3.88. The company has a quick ratio of 5.22, a current ratio of 5.26 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average price is $1.14 and its two-hundred day moving average price is $1.13.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Guardforce AI stock. Millennium Management LLC purchased a new position in Guardforce AI Co., Limited (NASDAQ:GFAI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,998 shares of the company’s stock, valued at approximately $36,000. Millennium Management LLC owned approximately 0.14% of Guardforce AI as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 2.04% of the company’s stock.

About Guardforce AI

Guardforce AI Co, Limited offers cash solutions and cash handling services in Thailand. The company operates through four segments: Secured Logistics Business, General Security Solutions, Robotics Solution Business, and Information Security Business. Its services include cash-in-transit, vehicles to banks, ATM management, cash center operations, cash processing, coin processing, consolidate cash center, and cheque center services, as well as cash deposit machine solutions, such as cash deposit management and express cash services.