Guardforce AI (NASDAQ:GFAI) Trading Down 5.5% – Here’s Why

Guardforce AI Co., Limited (NASDAQ:GFAI)’s share price dropped 5.5% during trading on Thursday . The stock traded as low as $1.03 and last traded at $1.04. Approximately 1,545,398 shares traded hands during mid-day trading, an increase of 287% from the average daily volume of 399,174 shares. The stock had previously closed at $1.10.

Wall Street Analysts Forecast Growth

Separately, EF Hutton Acquisition Co. I upgraded Guardforce AI to a “strong-buy” rating in a research note on Tuesday, October 1st.

Guardforce AI Trading Down 5.5 %

The firm has a 50-day simple moving average of $1.19 and a two-hundred day simple moving average of $1.57. The company has a current ratio of 3.42, a quick ratio of 3.36 and a debt-to-equity ratio of 0.01.

About Guardforce AI

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.