Gorilla Technology Group (NASDAQ:GRRR) Upgraded to Strong-Buy at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Gorilla Technology Group (NASDAQ:GRRR) to a strong-buy rating in a research report sent to investors on Thursday,Zacks.com reports.

GRRR has been the topic of several other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gorilla Technology Group in a research note on Wednesday, November 19th. Zacks Research cut Gorilla Technology Group from a “hold” rating to a “strong sell” rating in a report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $24.50.

Gorilla Technology Group Price Performance

Shares of GRRR traded down $1.14 on Thursday, hitting $13.74. The company’s stock had a trading volume of 726,273 shares, compared to its average volume of 1,067,229. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.64 and a quick ratio of 3.64. The company has a market capitalization of $276.72 million, a PE ratio of 50.89 and a beta of -0.27. The company has a 50 day moving average price of $15.38 and a 200 day moving average price of $17.63. Gorilla Technology Group has a fifty-two week low of $8.31 and a fifty-two week high of $44.15.

Gorilla Technology Group (NASDAQ:GRRR) last released its earnings results on Monday, November 17th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $26.48 million during the quarter, compared to the consensus estimate of $26.50 million. On average, research analysts anticipate that Gorilla Technology Group will post 0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gorilla Technology Group

A number of hedge funds have recently made changes to their positions in GRRR. Twin Tree Management LP purchased a new stake in Gorilla Technology Group during the 1st quarter worth about $27,000. Bank of America Corp DE boosted 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 worth $38,000 after buying an additional 720 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Gorilla Technology Group during the first quarter valued at about $61,000. Sunbelt Securities Inc. purchased a new position in Gorilla Technology Group in the 3rd quarter worth approximately $90,000. Finally, Entropy Technologies LP purchased a new stake in shares of Gorilla Technology Group during the second quarter valued at approximately $199,000. 1.33% of the stock is currently 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.