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

Shares of Guardforce AI Co., Limited (NASDAQ:GFAI) fell 1.7% during trading on Wednesday . The stock traded as low as $1.10 and last traded at $1.13. 297,933 shares traded hands during trading, a decline of 41% from the average session volume of 506,605 shares. The stock had previously closed at $1.15.

Guardforce AI Price Performance

The firm’s 50 day moving average price is $1.18 and its two-hundred day moving average price is $1.12.

Hedge Funds Weigh In On Guardforce AI

Several institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC grew its stake in shares of Guardforce AI by 43.3% in the 1st quarter. Virtu Financial LLC now owns 35,569 shares of the company’s stock valued at $35,000 after buying an additional 10,753 shares during the period. Squarepoint Ops LLC bought a new position in Guardforce AI in the fourth quarter worth approximately $27,000. Finally, Millennium Management LLC acquired a new stake in Guardforce AI in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds 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.