Guardforce AI (NASDAQ:GFAI) Shares Down 1.7% – Should You Sell?

by · The Markets Daily

Shares of Guardforce AI Co., Limited (NASDAQ:GFAI – Get Free Report) traded down 1.7% during trading on Thursday . The company traded as low as $1.13 and last traded at $1.14. 91,383 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 287,236 shares. The stock had previously closed at $1.16.

Analyst Upgrades and Downgrades

Separately, EF Hutton Acquisition Co. I upgraded shares of Guardforce AI to a “strong-buy” rating in a research note on Tuesday, October 1st.

Check Out Our Latest Stock Analysis on GFAI

Guardforce AI Stock Down 2.6 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 3.36. The stock has a 50 day moving average of $1.21 and a 200-day moving average of $2.04.

Institutional Investors Weigh In On Guardforce AI

An institutional investor recently bought a new position in Guardforce AI stock. Murchinson Ltd. acquired a new position in shares of Guardforce AI Co., Limited (NASDAQ:GFAI – Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 27,700 shares of the company’s stock, valued at approximately $102,000. Murchinson Ltd. owned 0.28% of Guardforce AI at the end of the most recent reporting period. Institutional investors and hedge funds own 2.04% of the company’s stock.

About Guardforce AI

(Get Free Report)

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.

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