Gorilla Technology Group (NASDAQ:GRRR) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Gorilla Technology Group (NASDAQ:GRRR) to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Gorilla Technology Group in a research report on Wednesday, November 19th. Zacks Research lowered Gorilla Technology Group from a “hold” rating to a “strong sell” rating in a research note on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $24.50.

Gorilla Technology Group Price Performance

Shares of NASDAQ GRRR opened at $13.74 on Thursday. The firm has a 50-day simple moving average of $15.38 and a 200-day simple moving average of $17.63. The company has a quick ratio of 3.64, a current ratio of 3.64 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $276.72 million, a price-to-earnings ratio of 50.89 and a beta of -0.27. Gorilla Technology Group has a 52 week low of $8.31 and a 52 week high of $44.15.

Gorilla Technology Group (NASDAQ:GRRR) last announced its quarterly earnings data on Monday, November 17th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $26.48 million for the quarter, compared to the consensus estimate of $26.50 million. On average, equities analysts predict that Gorilla Technology Group will post 0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gorilla Technology Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Twin Tree Management LP acquired a new position in shares of Gorilla Technology Group in the 1st quarter valued at $27,000. Bank of America Corp DE lifted its position in Gorilla Technology Group by 60.0% in the second quarter. Bank of America Corp DE now owns 1,920 shares of the company’s stock valued at $38,000 after buying an additional 720 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Gorilla Technology Group during the first quarter worth about $61,000. Sunbelt Securities Inc. purchased a new position in Gorilla Technology Group during the third quarter worth about $90,000. Finally, Entropy Technologies LP acquired a new stake in shares of Gorilla Technology Group during the second quarter valued at about $199,000. Institutional investors and hedge funds own 1.33% of the company’s stock.

About Gorilla Technology Group

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.