Gorilla Technology Group (NASDAQ:GRRR) Trading Up 3.5% - Here's Why

Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report)'s share price was up 3.5% during mid-day trading on Monday . The company traded as high as $13.38 and last traded at $13.03. Approximately 844,543 shares traded hands during trading, an increase of 12% from the average daily volume of 755,544 shares. The stock had previously closed at $12.59.Analyst Upgrades and DowngradesGorilla Technology Skyrockets 124% On Smart Government ContractGRRR has been the subject of a number of recent analyst reports. Cantor Fitzgerald started coverage on Gorilla Technology Group in a research report on Thursday, December 11th. They issued an "overweight" rating and a $31.00 price target for the company. Zacks Research cut shares of Gorilla Technology Group from a "hold" rating to a "strong sell" rating in a report on Friday, November 21st. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Gorilla Technology Group in a report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $24.50.Check Out Our Latest Analysis on GRRRGorilla Technology Group Stock Up 3.5%The business has a fifty day moving average price of $13.39 and a two-hundred day moving average price of $16.76. The company has a current ratio of 3.64, a quick ratio of 3.64 and a debt-to-equity ratio of 0.02. The company has a market cap of $262.42 million, a price-to-earnings ratio of 48.26 and a beta of -0.25. Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) last announced its quarterly earnings data on Monday, November 17th. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.02). The company had revenue of $26.48 million for the quarter, compared to analysts' expectations of $26.50 million. On average, equities analysts predict that Gorilla Technology Group Inc. will post 0.33 earnings per share for the current year. Institutional Trading of Gorilla Technology GroupA number of institutional investors have recently bought and sold shares of the company. J.W. Cole Advisors Inc. lifted its holdings in shares of Gorilla Technology Group by 3.0% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 22,055 shares of the company's stock valued at $439,000 after buying an additional 635 shares during the last quarter. Bank of America Corp DE lifted its stake in Gorilla Technology Group by 60.0% in the second quarter. Bank of America Corp DE now owns 1,920 shares of the company's stock valued at $38,000 after acquiring an additional 720 shares during the last quarter. Legal & General Group Plc grew its position in Gorilla Technology Group by 1.4% in the third quarter. Legal & General Group Plc now owns 72,077 shares of the company's stock worth $1,331,000 after acquiring an additional 1,013 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Gorilla Technology Group in the first quarter worth approximately $61,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Gorilla Technology Group during the 3rd quarter worth $50,000. Institutional investors and hedge funds own 1.33% of the company's stock. About Gorilla Technology Group (Get Free Report)Gorilla Technology Group is a Taiwan‐based provider of video computing and artificial intelligence solutions, offering software and hardware platforms for real‐time video analytics, facial recognition and edge‐computing applications. The company’s core business centers on the development of AI‐driven surveillance technologies that can be deployed in cloud, on-premise or hybrid environments. Gorilla Technology Group’s platforms are designed to process high-volume video data streams for security monitoring, operational optimization and business intelligence. The company’s flagship offerings include video management systems integrated with smart analytics modules, IoT gateways for edge-level data processing and AI engines for tasks such as people counting, license plate recognition and behavioral analysis.Recommended StoriesFive stocks we like better than Gorilla Technology GroupA month before the crashHow a Family Trust May Be Able To Help Preserve Your WealthBNZI: BNZI Surges Ahead as AI Marketing Fuels Record RevenueA U.S. “birthright” claim worth trillions - activated quietlyA Message From An Ex-CIA Officer About TrumpThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Gorilla Technology Group Right Now?Before you consider Gorilla Technology Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gorilla Technology Group wasn't on the list.While Gorilla Technology Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here