Gorilla Technology Group (NASDAQ:GRRR) Shares to Reverse Split on Monday, April 15th

Gorilla Technology Group Inc. (NASDAQ:GRRR) shares are scheduled to reverse split before the market opens on Monday, April 15th. The 1-10 reverse split was announced on Monday, April 15th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, April 15th.

Gorilla Technology Group Price Performance

Gorilla Technology Group stock opened at $0.60 on Friday. The stock’s 50 day moving average price is $0.82 and its 200 day moving average price is $0.73. Gorilla Technology Group has a 1-year low of $0.48 and a 1-year high of $6.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.49 and a current ratio of 1.49.

Institutional Investors Weigh In On Gorilla Technology Group

A hedge fund recently bought a new stake in Gorilla Technology Group stock. Skandinaviska Enskilda Banken AB publ purchased a new stake in Gorilla Technology Group Inc. (NASDAQ:GRRR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 69,442 shares of the company’s stock, valued at approximately $60,000. Skandinaviska Enskilda Banken AB publ owned approximately 0.10% of Gorilla Technology Group as of its most recent SEC filing. 1.33% of the stock is owned by institutional investors and hedge funds.

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.