Gogoro (NASDAQ:GGR) Downgraded by Benchmark

Gogoro (NASDAQ:GGR) was downgraded by investment analysts at Benchmark from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, Marketbeat reports.

Gogoro Trading Up 1.6 %

GGR opened at $1.29 on Monday. The stock’s fifty day moving average is $1.45 and its two-hundred day moving average is $1.58. The company has a market capitalization of $317.08 million, a P/E ratio of -6.14 and a beta of 0.45. Gogoro has a 52 week low of $1.16 and a 52 week high of $3.12. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 1.43.

Institutional Trading of Gogoro

A hedge fund recently bought a new stake in Gogoro stock. Jump Financial LLC purchased a new position in Gogoro Inc. (NASDAQ:GGR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,800 shares of the company’s stock, valued at approximately $54,000. Institutional investors and hedge funds own 15.87% of the company’s stock.

About Gogoro

Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.