Guardforce AI (NASDAQ:GFAI) Shares Up 88.7%

Posted by on Apr 13th, 2023

Guardforce AI Co., Limited (NASDAQ:GFAI – Get Rating) shares shot up 88.7% on Wednesday . The stock traded as high as $34.84 and last traded at $31.12. 23,755,216 shares were traded during mid-day trading, an increase of 1,140% from the average session volume of 1,915,179 shares. The stock had previously closed at $16.49.

Analyst Upgrades and Downgrades

Separately, EF Hutton Acquisition Co. I reiterated a “buy” rating and set a $30.00 price objective on shares of Guardforce AI in a research report on Monday, February 13th.

Guardforce AI Stock Performance

The stock’s 50-day simple moving average is $8.15 and its two-hundred day simple moving average is $2.98.

Institutional Trading of Guardforce AI

A hedge fund recently bought a new stake in Guardforce AI stock. Virtu Financial LLC acquired a new position in Guardforce AI Co., Limited (NASDAQ:GFAI – Get Rating) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 70,375 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned 0.17% of Guardforce AI at the end of the most recent reporting period. 5.50% of the stock is currently owned by institutional investors.

About Guardforce AI

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Guardforce AI Co, Limited offers cash solutions and cash handling services in Thailand. The company's services include cash-in-transit, vehicles to banks, ATM management, cash center operations, cash processing, coin processing, and cheque center services, as well as cash deposit machine solutions, such as cash deposit management and express cash services.

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