Benchmark Reiterates Hold Rating for Gogoro (NASDAQ:GGR)

Gogoro (NASDAQ:GGR)‘s stock had its “hold” rating reiterated by equities research analysts at Benchmark in a research report issued to clients and investors on Monday,Benzinga reports.

Separately, Citigroup reissued a “neutral” rating and set a $0.50 target price (down from $2.30) on shares of Gogoro in a report on Friday, November 15th.

Gogoro Trading Down 2.5 %

NASDAQ GGR opened at $0.46 on Monday. Gogoro has a 52 week low of $0.40 and a 52 week high of $2.78. The stock has a market capitalization of $136.97 million, a price-to-earnings ratio of -1.45 and a beta of 0.38. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.02 and a current ratio of 1.29. The stock’s 50 day moving average price is $0.57 and its two-hundred day moving average price is $1.13.

Institutional Investors Weigh In On Gogoro

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its stake in shares of Gogoro by 113.0% during the 3rd quarter. Jane Street Group LLC now owns 89,216 shares of the company’s stock worth $47,000 after acquiring an additional 47,336 shares during the period. State Street Corp boosted its position in shares of Gogoro by 105.3% during the 3rd quarter. State Street Corp now owns 134,806 shares of the company’s stock valued at $71,000 after acquiring an additional 69,142 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Gogoro by 76.7% during the 2nd quarter. Renaissance Technologies LLC now owns 93,100 shares of the company’s stock valued at $143,000 after acquiring an additional 40,400 shares during the last quarter. Finally, Senator Investment Group LP purchased a new position in shares of Gogoro during the 2nd quarter valued at about $2,079,000. Institutional investors and hedge funds own 15.87% of the company’s stock.

Gogoro Company Profile

Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.