Guardforce AI (NASDAQ:GFAI) Stock Rating Upgraded by EF Hutton Acquisition Co. I

EF Hutton Acquisition Co. I upgraded shares of Guardforce AI (NASDAQ:GFAI) to a strong-buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

Guardforce AI Trading Up 0.8 %

NASDAQ:GFAI opened at $1.19 on Tuesday. The company has a 50 day simple moving average of $1.37 and a two-hundred day simple moving average of $2.32. The company has a quick ratio of 2.19, a current ratio of 2.22 and a debt-to-equity ratio of 0.01. Guardforce AI has a 12 month low of $1.03 and a 12 month high of $4.76.

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 Guardforce AI Co., Limited (NASDAQ:GFAI) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,700 shares of the company’s stock, valued at approximately $102,000. Murchinson Ltd. owned approximately 0.28% of Guardforce AI at the end of the most recent reporting period. Hedge funds and other institutional investors own 2.04% of the company’s stock.

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.