Guardforce AI (NASDAQ:GFAI) Stock Price Down 4.4%

Guardforce AI Co., Limited (NASDAQ:GFAI)’s stock price dropped 4.4% on Wednesday . The stock traded as low as $2.16 and last traded at $2.19. Approximately 70,486 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 273,878 shares. The stock had previously closed at $2.29.

Guardforce AI Trading Down 4.4 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 2.19. The stock has a 50-day simple moving average of $2.47 and a 200-day simple moving average of $2.87.

Hedge Funds Weigh In On Guardforce AI

An institutional investor recently bought a new position in Guardforce AI stock. Murchinson Ltd. purchased a new position in shares of Guardforce AI Co., Limited (NASDAQ:GFAI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,700 shares of the company’s stock, valued at approximately $102,000. Murchinson Ltd. owned approximately 0.28% of Guardforce AI as of its most recent filing with the Securities and Exchange Commission (SEC). 2.04% of the stock is owned by hedge funds and other institutional investors.

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.