Cubist Systematic Strategies LLC Invests $37,000 in Gogoro Inc. (NASDAQ:GGR)

Cubist Systematic Strategies LLC acquired a new position in shares of Gogoro Inc. (NASDAQ:GGR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 73,610 shares of the company’s stock, valued at approximately $37,000.

A number of other institutional investors also recently made changes to their positions in GGR. OLD Mission Capital LLC acquired a new stake in shares of Gogoro in the fourth quarter valued at approximately $28,000. Alpine Global Management LLC acquired a new stake in shares of Gogoro in the fourth quarter valued at approximately $40,000. SBI Securities Co. Ltd. acquired a new stake in shares of Gogoro in the fourth quarter valued at approximately $42,000. Jane Street Group LLC raised its position in Gogoro by 136.6% during the fourth quarter. Jane Street Group LLC now owns 211,121 shares of the company’s stock valued at $105,000 after purchasing an additional 121,905 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Gogoro by 130.5% during the third quarter. JPMorgan Chase & Co. now owns 563,316 shares of the company’s stock valued at $299,000 after purchasing an additional 318,897 shares in the last quarter. Institutional investors own 15.87% of the company’s stock.

Gogoro Stock Down 3.5%

Shares of GGR opened at $0.27 on Tuesday. Gogoro Inc. has a one year low of $0.19 and a one year high of $1.76. The company has a market cap of $79.83 million, a P/E ratio of -0.60 and a beta of 0.85. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.89 and a quick ratio of 0.69. The firm has a 50 day simple moving average of $0.28 and a two-hundred day simple moving average of $0.41.

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.