Guardforce AI (NASDAQ:GFAI) Stock Falls 4.5% – Should You Sell?

Guardforce AI Co., Limited (NASDAQ:GFAI)’s share price fell 4.5% during trading on Thursday. The company traded as low as $0.19 and last traded at $0.2046. 651,390 shares were traded during mid-day trading, an increase of 353% from the average daily volume of 143,847 shares. The stock had previously closed at $0.2142.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Guardforce AI from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Guardforce AI Trading Down 4.5%

The firm has a 50 day simple moving average of $0.33 and a two-hundred day simple moving average of $0.41. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.22 and a current ratio of 5.22.

Guardforce AI (NASDAQ:GFAI) last announced its quarterly earnings data on Wednesday, September 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $9.14 million during the quarter.

Institutional Trading of Guardforce AI

An institutional investor recently raised its stake in Guardforce AI stock. Renaissance Technologies LLC lifted its position in Guardforce AI Co., Limited (NASDAQ:GFAI) by 13.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 395,200 shares of the company’s stock after purchasing an additional 47,500 shares during the quarter. Renaissance Technologies LLC owned about 1.62% of Guardforce AI worth $177,000 at the end of the most recent quarter. Institutional investors own 2.04% of the company’s stock.

Guardforce AI Company Profile

Guardforce AI Co, Limited (NASDAQ:GFAI) is a technology and security services company focused on combining traditional security operations with artificial intelligence and robotics. The company provides integrated security solutions designed to support businesses, institutions and other organizations.

Its security services include manned guarding, cash-in-transit services and related security solutions. Through its AI robotics business, Guardforce AI offers robotic products and services for applications such as delivery, disinfection, customer service and other commercial or institutional uses.

The company has historical roots in the security services industry in Asia and was formerly known as Sino Vision Worldwide Holdings Limited before adopting the Guardforce AI name.