Gorilla Technology Group Inc. (NASDAQ: GRRR) experienced a significant decrease in share price on Monday’s trading session, dropping by 1.8%. The stock reached a low of $5.81 and closed at $5.88, with 97,194 shares exchanged during the day, a significant decrease from the average volume of 426,036 shares.
Despite this setback, Gorilla Technology Group’s financials remain strong, with a quick ratio of 1.43, a current ratio of 1.43, and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $6.10 and a 200-day moving average of $6.56, indicating that its stock prices are still on an upward trend.
Investors are taking an interest in Gorilla Technology Group, with Skandinaviska Enskilda Banken AB recently acquiring a new position in the company during the third quarter as disclosed in its Form 13F filing with the SEC. The fund purchased 69,442 shares valued at approximately $60,000 representing about 0.1% ownership of Gorilla Technology Group. Hedge funds and other institutions hold around 1% of the company’s stock.
Gorilla Technology Group specializes in video intelligence, IoT security, and edge content management hardware, software and services in the Asia Pacific region. The company operates in three segments: Video IoT
