Guardforce AI (NASDAQ:GFAI) Rating Lowered to Sell at Wall Street Zen

Guardforce AI (NASDAQ:GFAI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

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

Guardforce AI Stock Down 8.6%

GFAI stock opened at $1.06 on Friday. The stock has a 50-day moving average price of $1.14 and a 200-day moving average price of $1.13. Guardforce AI has a 1-year low of $0.76 and a 1-year high of $3.88. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.26 and a quick ratio of 5.22.

Institutional Trading of Guardforce AI

An institutional investor recently raised its position in Guardforce AI stock. Virtu Financial LLC raised its stake in shares of Guardforce AI Co., Limited (NASDAQ:GFAI) by 43.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 35,569 shares of the company’s stock after purchasing an additional 10,753 shares during the period. Virtu Financial LLC owned approximately 0.20% of Guardforce AI worth $35,000 as of its most recent SEC filing. 2.04% of the stock is owned by hedge funds and other institutional investors.

Guardforce AI Company Profile

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.