OLD Mission Capital LLC Buys Shares of 55,727 Gogoro Inc. (NASDAQ:GGR)

OLD Mission Capital LLC purchased a new position in shares of Gogoro Inc. (NASDAQ:GGR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 55,727 shares of the company’s stock, valued at approximately $28,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp grew its holdings in Gogoro by 105.3% during the 3rd quarter. State Street Corp now owns 134,806 shares of the company’s stock worth $71,000 after acquiring an additional 69,142 shares in the last quarter. Aspiring Ventures LLC bought a new stake in Gogoro in the fourth quarter valued at about $495,000. JPMorgan Chase & Co. raised its stake 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 buying an additional 318,897 shares in the last quarter. Jane Street Group LLC raised its stake in Gogoro by 113.0% during the third quarter. Jane Street Group LLC now owns 89,216 shares of the company’s stock valued at $47,000 after buying an additional 47,336 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Gogoro during the 4th quarter worth approximately $42,000. Institutional investors own 15.87% of the company’s stock.

Gogoro Price Performance

Shares of NASDAQ GGR opened at $0.21 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.69 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $60.70 million, a price-to-earnings ratio of -0.46 and a beta of 0.85. Gogoro Inc. has a twelve month low of $0.20 and a twelve month high of $2.02. The business has a 50 day simple moving average of $0.38 and a 200-day simple moving average of $0.47.

Gogoro (NASDAQ:GGR) last released its earnings results on Thursday, February 13th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.22). Gogoro had a negative net margin of 39.69% and a negative return on equity of 53.23%. The business had revenue of $73.01 million for the quarter. As a group, equities research analysts expect that Gogoro Inc. will post -0.12 earnings per share for the current year.

Gogoro 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.