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

Guardforce AI (NASDAQ:GFAI) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

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

Guardforce AI Price Performance

Shares of Guardforce AI stock opened at $0.86 on Friday. The business has a fifty day simple moving average of $1.09 and a 200 day simple moving average of $1.13. The company has a quick ratio of 5.22, a current ratio of 5.26 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.

Hedge Funds Weigh In On Guardforce AI

A hedge fund recently raised its stake in Guardforce AI stock. Virtu Financial LLC increased its holdings in shares of Guardforce AI Co., Limited (NASDAQ:GFAI) by 43.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,569 shares of the company’s stock after purchasing an additional 10,753 shares during the quarter. Virtu Financial LLC owned 0.20% of Guardforce AI worth $35,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 2.04% of the company’s stock.

About Guardforce AI

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.