Transcendent Capital Group LLC Acquires New Stake in Gorilla Technology Group Inc. (NASDAQ:GRRR)

Transcendent Capital Group LLC bought a new position in Gorilla Technology Group Inc. (NASDAQ:GRRR) during the 4th quarter, Holdings Channel reports. The institutional investor bought 4,000 shares of the company’s stock, valued at approximately $72,000.

Separately, GSA Capital Partners LLP purchased a new position in Gorilla Technology Group in the 3rd quarter worth approximately $55,000. 1.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Northland Securities increased their price target on Gorilla Technology Group from $13.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd.

Gorilla Technology Group Stock Performance

NASDAQ GRRR opened at $24.61 on Tuesday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08. Gorilla Technology Group Inc. has a twelve month low of $2.09 and a twelve month high of $34.41. The business has a 50-day moving average price of $17.89 and a 200-day moving average price of $9.08.

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.