Gorilla Technology Group Inc. (NASDAQ:GRRR) experienced a 1.8% decline in its share price during trading on Monday. The stock traded as low as $5.81 and closed at $5.88. A total of 97,194 shares were traded during mid-day trading, which is a significant drop from the average session volume of 426,036 shares.
The company has a quick ratio of 1.43, a current ratio of 1.43, and a debt-to-equity ratio of 0.13. Its 50-day moving average is $6.10, and the 200-day moving average is $6.56.
Recent institutional trading activity in Gorilla Technology Group stock saw Skandinaviska Enskilda Banken AB publ purchasing a new position during the third quarter. They acquired 69,442 shares of the company’s stock, worth around $60,000. This accounted for about 0.10% ownership of Gorilla Technology Group by Skandinaviska Enskilda Banken AB publ. Currently, 1.33% of the stock is held by hedge funds and other institutional investors.
Gorilla Technology Group Inc. provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services primarily in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. They offer intelligent video analytics AI models for various purposes, including behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence using AI algorithms and metadata.
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