Guardforce AI (NASDAQ:GFAI) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Guardforce AI (NASDAQ:GFAI) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Guardforce AI in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Guardforce AI presently has an average rating of “Hold” and a consensus price target of $4.50.

Guardforce AI Stock Up 0.8%

GFAI stock traded up $0.01 during midday trading on Friday, hitting $0.86. The company’s stock had a trading volume of 366,337 shares, compared to its average volume of 474,846. The company has a current ratio of 5.26, a quick ratio of 5.22 and a debt-to-equity ratio of 0.01. Guardforce AI has a 12 month low of $0.76 and a 12 month high of $3.88. The company has a 50 day moving average of $1.09 and a two-hundred day moving average of $1.13.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Guardforce AI stock. Virtu Financial LLC raised its holdings in Guardforce AI Co., Limited (NASDAQ:GFAI) by 43.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,569 shares of the company’s stock after buying an additional 10,753 shares during the quarter. Virtu Financial LLC owned about 0.20% of Guardforce AI worth $35,000 at the end of the most recent reporting period. 2.04% of the stock is currently owned by hedge funds and other institutional investors.

Guardforce AI Company Profile

Guardforce AI Co, Limited offers cash solutions and cash handling services in Thailand. The company operates through four segments: Secured Logistics Business, General Security Solutions, Robotics Solution Business, and Information Security Business. Its services include cash-in-transit, vehicles to banks, ATM management, cash center operations, cash processing, coin processing, consolidate cash center, and cheque center services, as well as cash deposit machine solutions, such as cash deposit management and express cash services.